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Updated on
1 Jan 2018
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Question about English (US)
Can I use " take out a mortgage " to talk about buying phones, and some electronic households or just can use to talk about buying houses?
Can I use " take out a mortgage " to talk about buying phones, and some electronic households or just can use to talk about buying houses?
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- English (US)
A mortgage is a loan secured by real property (land or houses)
If you take out a loan to buy anything else, you just call it "buying on credit" or "taking out a loan" or possibly opening a "line of credit"
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