residential mortgage

Residential mortgage

Mortgage on a residential property, tax-deductible for individuals up to $1 million.

Residential Mortgage

A loan that one or more persons receive in order to buy a house or other residential property in which they will live. The loan is secured by a lien on the property; the borrowers repay it over a specified period of time. The interest on a residential mortgage is tax deductible under most circumstances.

residential mortgage

A loan secured by real property used for a personal residence or dwelling.