by Jester1970 July 27, 2009
Get the Mortalage mug.by missscarlett October 24, 2008
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A legally binding contract that allows a financial institution to rape you every month for the next 20-30 years. In return, you get the privilege of maintaining a dwelling out of your own pocket without actually owning it.
1. So what'll it be this month Honey, pay the mortgage or get the driveway fixed?
2. I used to have disposable income. Now I have a mortgage instead.
2. I used to have disposable income. Now I have a mortgage instead.
by HighwayRobber November 17, 2015
Get the Mortgage mug.(n) - a dual income (or more) h/hold who participates in propping up the Australian housing bubble by buying houses by taking out an excessively large housing loan. The resulting interest payments leave them to lead a life of poverty, but hey atleast they have a roof over their heads.
$600,000 to purchase a median property in Melbourne now, you'd have to be a mega mortgage mug to even consider buying at these prices.
by AusHousingCrash September 25, 2010
Get the mega mortgage mug mug.1. A golden mortgage occurs when a bank or mortgage company allows the homeowner to sell their property for an amount that is lower than what is owed on the loan, then micturates on the newly dispossessed homeowner.
2. Rejected title revision for a song by a New York City rock band that takes its name from audio compressor settings.
3. A charge widely believed to be included in a sealed indictment against the R&B singer/songwriter R. Kelly.
2. Rejected title revision for a song by a New York City rock band that takes its name from audio compressor settings.
3. A charge widely believed to be included in a sealed indictment against the R&B singer/songwriter R. Kelly.
With his credit in Jeopardy, Archibald reluctantly donned a slicker and accepted a golden mortgage.
The songwriter was shrewdly advised that, whatever he did, he must not change the name of his song to "Golden Mortgage."
Requesting a golden mortgage, the accused allegedly genuflected and looked into the eyes of his stylist's niece with pity and longing.
The songwriter was shrewdly advised that, whatever he did, he must not change the name of his song to "Golden Mortgage."
Requesting a golden mortgage, the accused allegedly genuflected and looked into the eyes of his stylist's niece with pity and longing.
by A Tabak April 17, 2008
Get the golden mortgage mug.Middle class slavery.
Investment bankers buy your home loans and manage you like cattle to make even more undeserved money. For some reason people are satisfied with the illusion that they own a small plot of land with a small box on it. Sure you can make a profit if you know how to flip real estate, but good luck paying your sub-prime mortgage with the job you just loss thanks to this fucked up economy.
Investment bankers buy your home loans and manage you like cattle to make even more undeserved money. For some reason people are satisfied with the illusion that they own a small plot of land with a small box on it. Sure you can make a profit if you know how to flip real estate, but good luck paying your sub-prime mortgage with the job you just loss thanks to this fucked up economy.
Millions felt entitled to live in gaudy McMansions they couldn't afford for the life they though they were entitled to. Bankers took advantage of these people, thus the sub-prime mortgage crisis.
by captainao February 20, 2009
Get the mortgage mug.That weight around your neck that will never be alleviated until you (1) DIE or (2) eventually pay off by the time you are 107.
by Lord Meatclown July 31, 2003
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