How do you abbreviate mortgage? There are two common ways to abbreviate mortgage.
- 30 yr. mtg.
- mtge. is at a fixed rate
Of these two abbreviations, mtg. is probably more common. The plural abbreviation of mortgage is mtgs. or mtges.
When to Use This Abbreviation
This abbreviation is usually found in the realty, banking, and mortgage industries.
You might abbreviate the word mortgage to mtg. on a communications between these industries. It is also common to see such abbreviations in headlines or newspaper titles where space is a concern.
Outside of headlines and newspaper columns, the word is not abbreviated in general prose.
What Does Mortgage Mean?
Definition of Mortgage: Mortgage (noun) is defined as the charging of real (or personal) property by a debtor to a creditor as a security for a debt (especially one incurred by the purchase of the property), on the condition that it shall be returned on payment of the debt within a certain period. Mortgage (verb) convey (a property) to a creditor as security on a loan.
- Gold Nugget Bank holds the mortgage to my investment property.
- The estate was mortgaged up to the hilt!
The word mortgage functions as a noun in the first sentence and as verb in the second.
Outside Examples of Mortgage
- Goldman Sachs Group Inc has agreed to pay $5.06 billion to settle claims that it misled mortgage bond investors during the financial crisis, the U.S. Department of Justice said on Monday. –Newsweek
- Focus said the German government also won’t help the Deutsche Bank by intervening with the U.S. officials who want it to pay $14 billion to end an investigation into its sale of mortgage-backed securities. –Minneapolis Star Tribune
Summary: Mortgage Abbreviation
There are two common abbreviations of mortgage: mtg. and mtge. If you want to make either of these plural, simply add on an “s.”