Mortgagor Meaning
A mortgagor is an individual or entity that borrows money to purchase property by granting a mortgage to a lender, also known as the mortgagee. The mortgagor pledges the property as collateral to secure the loan, agreeing to repay it in installments over time. The role of a mortgagor is central in real estate financing and property acquisition.
Synonyms for Mortgagor
Borrower
Property buyer
Debtor
Home purchaser
Loan applicant
Real estate buyer
Mortgage borrower
Loan recipient
Property owner (with a mortgage)
Collateral provider
Antonyms for Mortgagor
Mortgagee
Lender
Creditor
Financial institution
Bank
Loan provider
Investor
Cash buyer
Non-borrower
Property seller
Short Sentence Examples
The mortgagor is required to make monthly payments to the lender to repay the loan.
As a first-time mortgagor, she carefully reviewed the loan terms before signing.
The mortgagor pledged their home as collateral for the mortgage.
If the mortgagor fails to make payments, the lender may initiate foreclosure proceedings.
The bank requires the mortgagor to provide proof of income before approving the loan.
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