FIRST MORTGAGE
(noun)Did you mean?
Definitions
There is 1 meaning of the phrase
First Mortgage.
First Mortgage - as a noun
A mortgage that has priority over all mortgages and liens except those imposed by law
Example Sentences
"They took out a first mortgage to buy their dream home."
"The bank approved the first mortgage application for the new house."
"He refinanced his first mortgage to take advantage of lower interest rates."
"The couple struggled to make payments on their first mortgage."
"She managed to pay off her first mortgage after years of hard work."
