What's the difference between loan and mortgage?

Loan


Definition:

  • (n.) A loanin.
  • (n.) The act of lending; a lending; permission to use; as, the loan of a book, money, services.
  • (n.) That which one lends or borrows, esp. a sum of money lent at interest; as, he repaid the loan.
  • (n. t.) To lend; -- sometimes with out.

Example Sentences:

  • (1) At the heart of the payday loan profit bonanza is the "continuous payment authority" (CPA) agreement, which allows lenders to access customer bank accounts to retrieve funds.
  • (2) Madrid now hopes that a growing clamour for future rescues of Europe's banks to be done directly, without money going via governments, may still allow it to avoid accepting loans that would add to an already fast-growing national debt.
  • (3) 2010 2 May : In a move that signals the start of the eurozone crisis, Greece is bailed out for the first time , after eurozone finance ministers agree to grant the country rescue loans worth €110bn (£84bn).
  • (4) Dominic Fifield Facebook Twitter Pinterest Ravel Morrison, who has been on loan at QPR, may be set for a return to Loftus Road.
  • (5) The club then brought in Darren Randolph, Dean Brill, Scott Flinders, Roman Larrieu, and Simon Royce on loan at various times."
  • (6) However, civil society groups have raised concerns about the ethics of providing ‘climate loans’ which increase the country’s debt burden.
  • (7) I had loan sharks turning up at the training ground when I was at Ipswich [2011-13].
  • (8) I have to do my best.” The Leeds sporting director Nicola Salerno told the news conference that it was unlikely there would be new permanent signings in the January transfer window, but that there would be the possibility for loan deals.
  • (9) Most (86 percent) had educational debt (mean = $20,500), and more than half of those with debt were making loan payments.
  • (10) Yet private student loans – given out by banks and financial institutions to the students who can’t get a federal loan – don’t get as much attention as the federal system.
  • (11) Nevertheless we know that there will remain a large number of borrowers with payday loans who are struggling to cope with their debts, and it is essential that these customers are signposted to free debt advice.
  • (12) "Getting a 95% loan to value mortgage lets you speculate on the expected house price increases a lot more than a 75% mortgage," he said.
  • (13) Norwich Ownership Delia Smith and her husband Michael Wynn Jones own 53.1% of the club’s shares; deputy chairman Michael Foulger owns approximately 16% Gate receipts £12m Broadcasting and media £70m Catering £4m Commercial & other income £12m Net debt Not stated; £2.7m bank overdraft, no directors’ loans.
  • (14) Also remember that each time you apply for a loan your credit record is checked, which will leave a footprint of the search.
  • (15) The availability of loans for small businesses, however, only increased slightly in the fourth quarter of last year and banks noted a decline in demand from these quarters.
  • (16) It acts as a one-stop shop bringing together credit unions and other organisations, such as Five Lamps , a charity providing loans, and white-goods providers willing to sell products with low-interest repayments.
  • (17) Any loan between Tata and the government would be on commercial terms, but it could be a key in helping turn around the loss-making business.
  • (18) The CML said the value of lending for house purchases was up by 8% year on year in May, at £9.4bn, while the number of loans grew by 5% to 53,800.
  • (19) As part of the plan, the treasury and the Federal Deposit Insurance Corporation will guarantee against the "possibility of unusually large losses" on up to $306bn of risky loans and securities backed by commercial and residential mortgages.
  • (20) Jeremain Lens, signed from Dynamo Kyiv, was fortunate to escape dismissal for a second yellow card, while Yann M’Vila, on loan from Rubin Kazan, followed his headbutt in the reserves by raising arms to Graham Dorrans during an unpunished, but unwise, bout of push ’n’ shove.

Mortgage


Definition:

  • (n.) A conveyance of property, upon condition, as security for the payment of a debt or the preformance of a duty, and to become void upon payment or performance according to the stipulated terms; also, the written instrument by which the conveyance is made.
  • (n.) State of being pledged; as, lands given in mortgage.
  • (v. t.) To grant or convey, as property, for the security of a debt, or other engagement, upon a condition that if the debt or engagement shall be discharged according to the contract, the conveyance shall be void, otherwise to become absolute, subject, however, to the right of redemption.
  • (v. t.) Hence: To pledge, either literally or figuratively; to make subject to a claim or obligation.

Example Sentences:

  • (1) • This article was amended on 1 September 2014 because an earlier version described Platinum Property Partners as a buy-to-let mortgage lender.
  • (2) Gross mortgage lending stood at £7.9bn in April compared with £8.7bn in March and a six-month average of £9.9bn.
  • (3) "We have concerns that a potential buyer looking at a property may not value the improvements carried out under Green Deal and may not want to pay for them," a mortgage industry source told the Observer .
  • (4) The Guardian has a mortgage advice service, provided by London & Country
  • (5) Santander's new mortgage range complements this, putting our relationship with our customers at the heart of our business and ensuring they get the right mortgage for them – one they can afford and which meets their needs."
  • (6) To comply with these rules, interest is not paid on Islamic savings or current accounts, or charged on Islamic mortgages.
  • (7) The BBA statistics director, David Dooks, said: "It was no surprise to see the January mortgage figures falling back from December, when transactions were being pushed through to beat the end of stamp duty relief.
  • (8) The City watchdog said call handlers at Yorkshire, the UK’s second-biggest building society after Nationwide, failed to deal properly with customers who contacted the society about problems paying their mortgage.
  • (9) One mortgage payer, writing on the MoneySavingExpert forum, said: "They are asking for an extra £200 per month for the remaining nine years of our mortgage.
  • (10) "Getting a 95% loan to value mortgage lets you speculate on the expected house price increases a lot more than a 75% mortgage," he said.
  • (11) Childcare carves out a hefty third of household income for one in three families, overshadowing mortgage repayments as the biggest family expenditure .
  • (12) It’s been widely reported that black people are disproportionately harmed by the mortgage market.
  • (13) Would I be stupid not to wait another six months or so, to get a 90% mortgage given the cons of Help to Buy?
  • (14) Data from a sample of completed property sales provided by mortgage lenders, representing about 65%-70% of homes bought with mortgages.
  • (15) Alternatively, if your mortgage has been going for a few years – and so a reasonable amount of capital has been repaid, you may be able to borrow back up to the value of the original mortgage.
  • (16) As part of the plan, the treasury and the Federal Deposit Insurance Corporation will guarantee against the "possibility of unusually large losses" on up to $306bn of risky loans and securities backed by commercial and residential mortgages.
  • (17) Mortgage lenders are failing to follow rules designed to help people avoid repossession, according to a damning report published today.
  • (18) The main plans include: • a scheme to help buyers secure mortgages of up to 95% loan-to-value.
  • (19) If Thatcher's government is in part to blame, then Bill Clinton's is even more so; driven by a desire to let every American own their own home, it was Clinton's decision to create the ill-fated sub-prime mortgage system .
  • (20) For those who can't stump up more than 5% of the agreed price, he suggests guarantor mortgages, such as that offered by Lloyds TSB.