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
Help with down payments, closing costs, first mortgage insurance premiums, as well as lower interest rates can be part of that program.
—
David J. Neal, Miami Herald, 11 Jan. 2025
Time to Own is administered alongside a Connecticut Housing Finance Authority, or CHFA, first mortgage loan, which is a loan taken out at a participating lender, of which there are dozens throughout the state.
—Gabby Debenedictis, Hartford Courant, 26 Nov. 2024
Such a law would allow the holders of first mortgages to stop worrying.
—Joshua Stein, Forbes, 20 Sep. 2024
Even if the first mortgage expressly states that it might be amended later without loss of priority, a conservative first lender and its conservative counsel will still worry about potential loss of priority to junior-priority liens.
—Joshua Stein, Forbes, 20 Sep. 2024
See All Example Sentences for first mortgage
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David J. Neal, Miami Herald, 11 Jan. 2025
Time to Own is administered alongside a Connecticut Housing Finance Authority, or CHFA, first mortgage loan, which is a loan taken out at a participating lender, of which there are dozens throughout the state.
—Gabby Debenedictis, Hartford Courant, 26 Nov. 2024
Such a law would allow the holders of first mortgages to stop worrying.
—Joshua Stein, Forbes, 20 Sep. 2024
Even if the first mortgage expressly states that it might be amended later without loss of priority, a conservative first lender and its conservative counsel will still worry about potential loss of priority to junior-priority liens.
—Joshua Stein, Forbes, 20 Sep. 2024
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 28 Feb. 2025.
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