The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

MORTGAGE OUT Definition & Legal Meaning

Definition & Citations:

Payout when a borrower gets more financing than is needed to pay off the project, home, or mortgaged asset. Due to stricter underwriting standards in banking it has been essentially eliminated for individual mortgages. This often occurred with larger building projects.


This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.