first mortgage
noun
: a mortgage that has priority as a lien over all mortgages and liens except those imposed by law
Example Sentences
Recent Examples on the Web An unauthorized person cashed a check for $4,593.52 sent by a new Clarendon Hills resident of the 100 block of Jane Court as a first mortgage payment. 
Chuck Fieldman, Chicago Tribune, 5 Sep. 2022 Imagine a young family 5 years into their first mortgage trying to financing the sub-division of their lot, new construction of more housing on the subsequent parcels, and then managing the rental and maintenance of 3 rental units. Roger Valdez, Forbes, 1 Aug. 2022 Set in 1901, an ambitious portrait of Alexey Alchevsky, founder of Russia’s first mortgage bank and Ukrainian Donbas patriot, framed through a procedural narrative of a young policeman investigating his mysterious death. John Hopewell, Variety, 6 June 2022 But a home equity line of credit (HELOC) allows homeowners to tap the equity in their primary home while keeping the underlying first mortgage in place. Globe Correspondent, BostonGlobe.com, 22 May 2022 First, increase funding for rental assistance to keep people in their homes with dedicated funding by removing the second mortgage deduction and capping the first mortgage deduction. Jamie Goldberg, oregonlive, 19 Apr. 2022 Like many first mortgage lenders, the Blackstone REIT moved to the sidelines during the first six months of the pandemic. Peter Grant, WSJ, 19 May 2021 Smith says sometimes a line of credit can take longer for approval than a first mortgage. cleveland, 15 Aug. 2021 Since a Heloc is typically a second mortgage on a home, in the event of a foreclosure, the holder of a second mortgage doesn’t get paid unless there is sufficient equity in the property after the first mortgage is paid off. Robyn A. Friedman, WSJ, 29 Apr. 2021 See More
Chuck Fieldman, Chicago Tribune, 5 Sep. 2022 Imagine a young family 5 years into their first mortgage trying to financing the sub-division of their lot, new construction of more housing on the subsequent parcels, and then managing the rental and maintenance of 3 rental units. Roger Valdez, Forbes, 1 Aug. 2022 Set in 1901, an ambitious portrait of Alexey Alchevsky, founder of Russia’s first mortgage bank and Ukrainian Donbas patriot, framed through a procedural narrative of a young policeman investigating his mysterious death. John Hopewell, Variety, 6 June 2022 But a home equity line of credit (HELOC) allows homeowners to tap the equity in their primary home while keeping the underlying first mortgage in place. Globe Correspondent, BostonGlobe.com, 22 May 2022 First, increase funding for rental assistance to keep people in their homes with dedicated funding by removing the second mortgage deduction and capping the first mortgage deduction. Jamie Goldberg, oregonlive, 19 Apr. 2022 Like many first mortgage lenders, the Blackstone REIT moved to the sidelines during the first six months of the pandemic. Peter Grant, WSJ, 19 May 2021 Smith says sometimes a line of credit can take longer for approval than a first mortgage. cleveland, 15 Aug. 2021 Since a Heloc is typically a second mortgage on a home, in the event of a foreclosure, the holder of a second mortgage doesn’t get paid unless there is sufficient equity in the property after the first mortgage is paid off. Robyn A. Friedman, WSJ, 29 Apr. 2021 See More Word History
First Known Use
1728, in the meaning defined above
Legal Definition
first mortgage
see mortgage