The mortgagor is the person or entity who borrows and pays back a mortgage loan. If you're getting a mortgage to buy a home, you're the mortgagor. The mortgagee is the lender, such as a bank ...
As you review your mortgage documents, you’ll encounter two terms: “mortgagee” and “mortgagor.” Who on earth, you might wonder, are they? Who is the mortgagee? While legal language can b ...
Most mortgage providers (mortgagees) will require you (the borrower or mortgagor) to take out homeowners insurance to get a loan. Homeowners insurance provides you with protection against damage ...
mortgage by condition of sale and the English mortgage. In simple mortgages, the prospective property owner is the mortgagor. He or she binds him/herself to make mortgage repayments and when he ...