Dwight Schrute was right. The word “mortgage” translates “death pledge” in French. Don’t fall for the trap of long-term mortgages with lower monthly payments. It will cost you hundreds of thousands of extra dollars in the long run, and leave you in debt for the majority of your life. | George Kamel
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French Translation of “MORTGAGE” | Collins English-French Dictionary
French Translation of “MORTGAGE” | Collins English-French Dictionary
Dec 24, 2011
collinsdictionary.com
After 1913, the banking system introduced something called Fractional Reserve Lending — and with it came the mortgage, which literally translates from Old French as “mort gage,” meaning death pledge. Let that sink in. The “mortgage” was designed as a financial product that looks like a solution but functions more like a trap. It’s a closed-end loan, meaning once your money goes in, it’s locked away — you lose liquidity and flexibility. While a mortgage and a line of credit both use simple intere
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