Definition: The word "mortgage your future" in the context of financial planning suggests that a person is taking out loans to finance their home or other assets, such as a car or a business venture. The loan term typically represents how long the borrower plans on using the asset for and may include interest rates. The mortgage debt can be either personal or government-backed, depending on where the assets are located. The word "mortgage" refers to borrowing money from another party with the intention of using it to pay back that money over time. In this context, a person might consider buying property with a mortgage because they plan on renting out the property in the future and are unsure about how much rent they will receive or how long they will be able to live there. The word "future" is often used as a noun or adjective indicating an event that is anticipated or planned for later. In this sense, it can be used as both a positive and negative term. On one hand, the term "mortgage your future" implies that the borrower has already committed to taking out a loan to buy something, such as a home or business. However, on the other hand, it could also suggest that the borrower is considering buying property in the future. Overall, "mortgage your future" can be used as both a noun and a verb, depending on its context and intended meaning.
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