mortgaged
adjective
FINANCE,PROPERTYuk/ˈmɔːɡɪdʒd/usa mortgagedpropertyhas beenboughtusing amortgagethat has notyetbeenpaidback, or used assecuritytoborrowmoney:
Atransferofmortgagedpropertyfromjointnamesto onenameislikelytoincuracharge.
Eachhouseisworthabout £200,000 and neither is mortgaged.
heavily mortgaged
used todescribeapersonwho hasborroweda lot ofmoneytobuyproperty, or thepropertyitself:
Heavily-mortgagedfamiliesareunlikelyto take on newchallenges.
heavily-mortgagedproperties/homes
mortgaged (up) to the hilt
havingborrowedas muchmoneyas youpossiblycan tobuyproperty:
If you are mortgaged up to thehilt,losingyourjobis adisaster.