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

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
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

Word History

First Known Use

1728, in the meaning defined above

Time Traveler
The first known use of first mortgage was in 1728

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Cite this Entry

“First mortgage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/first%20mortgage. Accessed 11 Sep. 2025.

Legal Definition

first mortgage

see mortgage

Last Updated: - Updated example sentences
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