mortgage

A mortgage is a loan for the purpose of paying for a house, apartment, building, etc.

Example: For five-year adjustable-rate mortgages, interest rates rose to 5.58 percent.

If you mortgage your home, you borrow money and promise to give up your home if you can't pay back the money.

Example: Henderson's parents mortgaged their house in Cuthbert to buy a piano for the front parlor.

If you mortgage your future, you enjoy something now even though it will cause problems in the future.

Example: We're mortgaging our children's future instead of investing in it.