first mortgage
noun
: a mortgage that has priority as a lien over all mortgages and liens except those imposed by law
Examples of first mortgage in a Sentence
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Gilbert, 63, started his first mortgage lender at age 22 with $5,000 earned from selling pizzas in college.
—
Giacomo Tognini, Forbes.com, 8 Sep. 2025
Second loans and HELOCs will carry a higher interest rate than today’s first mortgage rates.
—Jeff Lazerson, Oc Register, 21 Aug. 2025
Virginia Housing provided the first mortgage for the project and payments are about $125,000 a month.
—Celia Fernandez, CNBC, 19 Apr. 2025
The company made $77.1 million in first mortgage loan originations and funded $85.8 million in existing loans during the year.
—Quartz Intelligence Newsroom, Quartz, 28 Mar. 2025
See All Example Sentences for first mortgage
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Giacomo Tognini, Forbes.com, 8 Sep. 2025
Second loans and HELOCs will carry a higher interest rate than today’s first mortgage rates.
—Jeff Lazerson, Oc Register, 21 Aug. 2025
Virginia Housing provided the first mortgage for the project and payments are about $125,000 a month.
—Celia Fernandez, CNBC, 19 Apr. 2025
The company made $77.1 million in first mortgage loan originations and funded $85.8 million in existing loans during the year.
—Quartz Intelligence Newsroom, Quartz, 28 Mar. 2025
See All Example Sentences for first mortgage
Cite this Entry
“First mortgage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/first%20mortgage. Accessed 19 Sep. 2025.
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