repayment mortgage

Questions

What does repayment mortgage mean?

A type of mortgage (typically a loan to buy a house) in which, over the term of the loan, the borrower gradually repays the loan principal, in addition to paying interest, so that at the end of the term the principal is wholly repaid.

How to pronounce repayment mortgage

1. Open the pronunciation page — Open the Speakur entry for “repayment mortgage”.
2. Read the phonetic spelling — Read the IPA spelling () so you know which sounds to aim for.
3. Play the audio — Click Play to hear reference audio for “repayment mortgage”.
4. Repeat and practice — Say “repayment mortgage” aloud, matching stress and vowels until it feels natural.