M - freedebtline.com

MORTGAGE A loan that is secured on your home.
MORTGAGE CONDITIONS These are usually contained in a lender’s booklet, which together with the terms of your offer (see: standard offer conditions), form the basis of the terms and conditions of your mortgage following completion.
MORTGAGE OFFER The document which states that the lender is prepared to offer a mortgage for the purchase or remortgage of a property. This document will give details on the exact amount of money that will be lent to you and on what terms.
MORTGAGE PAYMENT PROTECTION (Also known as Mortgage Repayment Protector). An insurance policy designed to cover mortgage payments during uncertain financial situations caused by illness, accident or involuntary unemployment.