mortgagor
A mortgagor is the borrower in a mortgage, either a homeowner or another entity.
mortgagor
A mortgagor is the borrower in a mortgage, either a homeowner or another entity.
Additional Information
The mortgagor borrows money from the lender (mortgagee) to purchase real estate. If the mortgagor defaults on the loan, the mortgagee's terms allow the mortgagee to seize the property.
