first mortgage

noun

1. a mortgage having priority over other mortgages on property.

first mortgage

noun

1. a mortgage that has priority over other mortgages on the same property, except for taxation and other statutory liabilities

Other Words From

• first-mortgage adjective

Word History and Origins

Origin of first mortgage¹

First recorded in 1850–55

Example Sentences

Hundreds of thousands of potential first-time buyers have been hoping to get a place of their own with their first mortgage.

From BBC

They’re treated as second mortgages, but require no payments of any kind until the home is refinanced, resold or its first mortgage paid off, at which point the state loan must be repaid in full.

From Los Angeles Times

But before they made their first mortgage payment, a massive landslide upended life on Peartree Lane, pulling eight neighbors’ homes down a nearby canyon and pushing others into different levels of structural purgatory.

From Los Angeles Times

When you have this type of debt, you are required to satisfy the first mortgage as well as any second mortgages or liens before you are able to sell your home.

From Encyclopedia.com

Some older people looking to renew or take out their first mortgage are being turned away by lenders because the length of time they have to pay back is too short.

From BBC