Meaning of "Mortgage"
This is a typical real estate loan product in which funds are borrowed from a bank using a home as collateral.
"When I bought a house recently, I used a mortgage to cover the down payment."
Related slang words
Quota systemAn abbreviation for the "sales price cap system," this is a policy that limits sales prices on public land and other sites to a certain amount or less to prevent excessive capital gains.Restrictions on resaleThis is a system designed to curb speculative demand by restricting the sale or resale of pre-sale rights or apartments for a certain period after their acquisition, thereby preventing their resale until a specified date.Loan regulationsMeasures taken by the government to manage household debt by restricting or tightening limits, interest rates, and eligibility criteria for mortgage loans in order to regulate lendingRe-conversionThis is a system that requires the government to recover any excess profits generated by redevelopment projects that exceed a certain threshold (short for the "Redevelopment Excess Profit Recovery System").Regulated AreasThese are areas designated by the government for the implementation of real estate regulations—such as restrictions on loans and tax policies—based on the assessment that housing prices (or real estate prices) are rising rapidly.AparthotelA term combining "apartment" and "officetel," referring to a residential officetel that features a floor plan and living conveniences similar to those of an apartment.Sold outThis means that all units (particularly apartments and pre-sale units) have been sold (contracted) within a short period of time and are now sold out.RawAn abbreviation for "residential accommodation facilities," this term refers to lodging facilities that allow cooking but are effectively used exclusively for residential purposes, a practice that has sparked social controversy.