"first mortgage." YourDictionary, n.d. Web. 17 January 2019. <https://www.yourdictionary.com/first-mortgage>.
first mortgage. (n.d.). Retrieved January 17th, 2019, from https://www.yourdictionary.com/first-mortgage
first mortgage - Investment & Finance Definition
real estate mortgage that gives the lender the first claim on the property in
case of a default. It is in contrast to a second mortgage, which is paid only
after the first mortgage holder is paid in the event of a default.