Consolidated Mortgage

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Definition: Consolidated Mortgage

Consolidated Mortgage
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Full Definition of Consolidated Mortgage

A mortgage that a borrower takes out to pay off two or more existing mortgages. Borrowers used consolidated mortgages to reduce monthly payments by taking advantage of lower interest rates, or by avoiding high minimum payments required by each of the existing mortgages.

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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/consolidated-mortgage/
Modern Language Association (MLA):
Consolidated Mortgage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/consolidated-mortgage/.
Chicago Manual of Style (CMS):
Consolidated Mortgage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/consolidated-mortgage/ (accessed: April 20, 2024).
American Psychological Association (APA):
Consolidated Mortgage. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/consolidated-mortgage/

Definition Sources

Definitions for Consolidated Mortgage are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.