mortgaged
A legally
binding contract that allows a financial institution to rape you every month for the next 20-30 years. In return, you get the
privilege of maintaining a
dwelling out of your own pocket without actually owning it.
mortgage
by captainao on Feb 21, 2009 05:48:15
Middle class slavery.
Investment
bankers buy your home loans and manage you like cattle to make even more undeserved money. For some reason people are satisfied with the illusion that they own a small plot of land with a
small box on it. Sure you can make a profit if you know how to flip real estate, but good luck paying your
sub-prime mortgage with the job you just loss thanks to this fucked up economy.
Example:
Millions felt entitled to live in
gaudy McMansions they couldn't afford for the life they though they were entitled to.
Bankers took advantage of these people, thus the
sub-prime mortgage crisis.
mortgage
by Money Maid on Feb 24, 2004 08:10:37
possible
root from the French verb "mourir" meaning to die. The English word "mortgage" refers a home
owner's loan that is usually with you until you die. Usage of the French root is supposed to make it sound fancier than "loan" - but it doesn't really.
Example:
J'ai
mort - meaning "
I am dead"
I have a mortgage - meaning "My social life is dead
b/c I own a house"
Mortgage
by Who 'Dis? Who 'Dat? on Dec 04, 2021 05:32:46
A slang expression based on
the length of time of financing for the average home
loan, generally 15 to 30 years, used to denote a specific period of time generally associated with a
lengthy jail or prison sentence.
Example:
I heard Kenneth went to court last week thinking he was going to
get off with a light sentence or even probation. With all the stuff he was into and all the trouble he's caused, I wasn't a bit surprised to hear the judge
mortgaged his ass to the state
penitentiary.
golden mortgage
by A Tabak on Apr 18, 2008 00:02:48
1. A golden mortgage occurs when a bank or mortgage company allows the
homeowner to sell their property for an amount that is lower than what is owed on the loan, then micturates on the newly dispossessed homeowner.
2. Rejected title revision for a song by a New York City rock band that takes its name from audio
compressor settings.
3. A charge widely believed to be included in a sealed
indictment against the R&B singer/songwriter R. Kelly.
Example:
With his credit in Jeopardy, Archibald reluctantly donned a
slicker and accepted a
golden mortgage.
The songwriter was shrewdly advised that, whatever he did, he must not change the name of his song to "
Golden Mortgage."
Requesting a golden mortgage, the accused allegedly genuflected and looked into the eyes of his
stylist's niece with pity and longing.