First Mortgage a mortgage registered before all others on title. Gives the lender a primary lien/charge against your house and property that has precedence over all other mortgages. Priority is determined by the date and time registered, so a first mortgage was literally and legally registered "first". A new first mortgage can therefore only be registered as a "first" mortgage upon the discharge of an existing one if the holder of a second mortgage "postpones" (i. E., "puts back in time") to a time immediately following the registration of the new first mortgage.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). first mortgage. Retrieved September 23, 2026, from http://smartdefine.org/first_mortgage/definitions/1154070 |
| Chicago | Barry Goldsmith. 2010. "first mortgage" http://smartdefine.org/first_mortgage/definitions/1154070 (accessed September 23, 2026). |
| Harvard | Barry Goldsmith 2010, first mortgage, Smart Define, viewed 23 September, 2026, <http://smartdefine.org/first_mortgage/definitions/1154070>. |
| MLA | Barry Goldsmith. "first mortgage" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/first_mortgage/definitions/1154070> |