Mortgage As A Term

We throw around the term “mortgage” right and left without much knowledge of what it actually means. Sometimes, it is good to go back to the beginning. The term originally comes to us from the French language. “Mortgage” means “dead pledge”. It is a method of using property to secure a debt. In this case, of course, the debt is incurred in the actual purchase of the property, which creates an interesting circular relationship. Nonetheless, now you know the root of mortgage as a term.