Outrageously Funny Word Dictionary :: Mortgagor

👉 In finance, a "mortgager" is someone who borrows money from another party (usually a lender) to pay back their loan. They typically have some form of collateral or security attached to their loan, such as property or assets, and are responsible for repaying the amount borrowed. For example, if a person takes out a mortgage to buy a house, they are mortgaging their home to secure the loan. The lender (the borrower) is the "mortgagee"

mortgagors

👉 In finance, a "mortgager" is someone who borrows money from another person or entity. This can be for any reason, such as to purchase property, pay off debts, or take out loans. The purpose of a mortgage is often to provide financial support to the borrower and ensure that they have enough funds to cover their obligations.

mortgagor