Definition: A first mortgage has priority over other mortgage liens on the same property.
Example
A property's purchase loan occupies the first mortgage position, with a later home-equity loan behind it.
Keep the distinction clear
First among mortgages does not mean superior to every possible lien. Statutory priorities, recording rules, and subordination can affect the order.
Related terms
Second Mortgage · Junior Mortgage · Subordination Agreement
Keep studying
Mortgages: Borrower, Lender, Ownership, and Key Clauses
References: CFPB: mortgage key terms
Pronunciation (US): FIRST MOR-gij (capitals show stress)
Pronunciation reference: Merriam-Webster
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