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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If wages keep up with expenses and there are no big life changes or significant economic problems, the household might find itself 30 years after making their first mortgage payment sitting on a pile of wealth.
—
Roger Valdez, Forbes.com, 1 May 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
There are income limits for those wishing to apply for down payment assistance, and applicants must qualify for a first mortgage.
—Paul Du Quenoy, MSNBC Newsweek, 26 Mar. 2025
See All Example Sentences for first mortgage
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Roger Valdez, Forbes.com, 1 May 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
There are income limits for those wishing to apply for down payment assistance, and applicants must qualify for a first mortgage.
—Paul Du Quenoy, MSNBC Newsweek, 26 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 12 May. 2025.
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