👉 In the context of finance, a "comortgagee" refers to an individual who has purchased a home or other property and is currently paying off a mortgage loan. The term is often used in conjunction with the phrase "mortgage debt." A mortgage is a type of credit that allows homeowners to borrow funds to finance their home purchase. When you take out a mortgage, you agree to pay back the lender a certain amount of money over time. This amount is known as the principal balance
