How Do You Spell DISMORTGAGE?

Pronunciation: [dɪsmˈɔːɡɪd͡ʒ] (IPA)

The word "Dismortgage" is spelled with a "dis-" prefix which means "opposite of" and the root word "mortgage." The pronunciation of "Dismortgage" is /dɪsˈmɔːrɡɪdʒ/, with stress on the second syllable. This word is not commonly used in everyday language, but it refers to the action of cancelling or ending a mortgage. It is important to use correct spelling in financial transactions and legal documents to avoid misunderstandings and complications in the future.

DISMORTGAGE Meaning and Definition

1. Dismortgage is a verb that refers to the act of removing or releasing a mortgage or lien on a property. It involves paying off the mortgage or obtaining a new loan to replace the existing mortgage. This action effectively frees the property owner from the encumbrance of the mortgage, allowing them to regain full ownership and control of the property.

   The process of dismortgaging typically involves negotiating with the lender, either to settle the outstanding debt or to secure a new loan with more favorable terms. This could include negotiating an early repayment of the mortgage or finding a new lender who offers lower interest rates or repayment options that better suit the borrower's financial situation.

   Dismortgaging can be a strategic financial decision made by individuals or businesses to reduce costs, access cash, or take advantage of better mortgage deals available in the market. It provides the opportunity to change or adjust the terms and conditions of the mortgage, which can potentially result in significant savings or better financial flexibility.

   It is important to note that dismortgaging involves various legal and financial aspects, and it is advisable to seek professional advice from mortgage brokers, financial advisors, or solicitors when considering this course of action. These professionals can guide and assist in navigating the complex process of dismortgaging, ensuring a smooth and legally compliant transaction.

2. To redeem from mortgage.

   Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.

Common Misspellings for DISMORTGAGE

• sismortgage
• xismortgage
• cismortgage
• fismortgage
• rismortgage
• eismortgage
• dusmortgage
• djsmortgage
• dksmortgage
• dosmortgage
• d9smortgage
• d8smortgage
• diamortgage
• dizmortgage
• dixmortgage
• didmortgage
• diemortgage
• diwmortgage
• disnortgage

Etymology of DISMORTGAGE

The term "dismortgage" is a combination of two words: "dis-" and "mortgage".

1. "Dis-" is a Latin prefix meaning "apart" or "away". It is commonly used to indicate negation or reversal of a certain action or state. For example, in words like "disassemble" or "disagree", it conveys the idea of undoing or reversing.

2. "Mortgage" originates from the Old French word "morgage", which came from the Latin "mortuus" meaning "dead", and "vadium" meaning "pledge" or "security". The concept of "mortgage" was initially used to describe a conveyance of property as security for a loan, with the understanding that the property would be forfeited if the loan was not repaid.