There are some 11.2 million of them in Britain but how many people actually understand what a mortgage is? A mortgage literally means, ‘Dead Pledge’: late Middle English: from Old French, literally ‘dead pledge,’ from mort (from Latin mortuus ‘dead’) + gage ‘pledge.’ A pledge is a promise.  A mortgage is a dead promise. … Continue reading #TGBMS: A MORTGAGE EXPLAINED IN 600 WORDS