- American mortgage
- Bank mortgage
- Chase mortgage
- First mortgage
- Home mortgage
- Mortgage broker
- Mortgage brokers
- Mortgage calculator
- Mortgage company
- Mortgage complaints
- Mortgage interest
- Mortgage jobs
- Mortgage lenders
- Mortgage payment
- Mortgage rates
- Mortgage reviews
- Mortgage services
- Refinance mortgage
- Reverse mortgage
Business vocabulary exercise: mortgages and loans
Business English vocabulary exercise, intermediate level.
This exercise gives you practice using words related to mortgages and loans.
Instructions: 1. Study the vocabulary, including ‘how to use’ and the example sentences.
2. Do the exercise below and check your answers.
|noun||an agreement which allows you to borrow money from a bank in order to buy a house or apartment|
|how to use||countable noun: a mortgage of $80,000, a fifteen-year mortgage; pay off a mortgage|
|examples||1. My mortgage is with a small bank.
2. We have a twenty-year mortgage.
|noun||the money which you get from a bank monthly or yearly (as a percentage) of the money in your account; the money charged by a bank to people who have borrowed money from them|
|how to use||uncountable noun: high interest, low interest, 4% interest,
pay interest on a loan
bank offers 2% interest on all current accounts.
|verb||to buy or arrange insurance, to get a loan or mortgage
|how to use||take out insurance, take out a loan, a mortgage
past simple: took past participle: taken
|examples||1. I didn’t have enough money to buy a new car so I had to take out a loan from the bank.
2.We took out a twenty-year mortgage on the house.
|noun||money that you borrow, especially from a bank|
|how to use||a $20,000 loan; take out a loan; pay off a loan
|examples||1.The company needs a $5m loan to build a new factory.
2. I took out a loan with 5% interest.
Now try the exercise. Choose the best answer to fill the gap in each of the following: