There are multiple definitions - click on the translation that matches your context.

Tilgungshypothek

Substantiv

full

mortgage

noun

Comparative law notes

Germany

Since mortgages in the US and UK are, by definition, debts that the mortgagee (borrower) pays back over time, this translation is a very close match to the concept of an "amortizing mortgage" (literal translation of "Tilgungshypothek")

Definitions of mortgage

English

an agreement that allows someone to borrow money from a bank or similar organization, most commonly in order to buy a house or other piece of real property

I've been unable to keep up with my monthly mortgage payments

English

security interest in real property or shares as security for money borrowed; the transfer of legal title of a property, often land, to another as security for payment of a debt

The bank took a mortgage over the borrower's home.

English

the amount of money loaned under such an agreement

We took out a mortgage for €465 000.