anaconda mortgage
A loan arrangement in which all of the money borrowed from a lender, for whatever purpose, is secured by one's home, land, and other property.
Meaning adapted from Wiktionary, available under CC BY-SA 4.0.
“They signed an anaconda mortgage to cover their new business loan.”
“An anaconda mortgage links your car loan and your home loan together.”
“The bank required an anaconda mortgage, meaning the couple had to use their house as security for all their debts.”
“Because the farmer has an anaconda mortgage, the bank could take his equipment and his house if he fails to pay for the new seeds.”
“Small business owners sometimes regret signing an anaconda mortgage when a minor credit card debt puts their entire warehouse at risk.”
“Before agreeing to the terms, the lawyer warned that an anaconda mortgage would place the family's entire property portfolio at risk if they defaulted on any single loan.”
The term arises as an allusion to the predatory mechanics of the constrictor snake, specifically the anaconda. It likens the accumulation of debt to the process of being trapped within the animal's coils, where the increasing pressure of the obligation mirrors the method by which the snake crushes its prey.
Last updated August 10, 2026