Definition: 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

Definition: In the land of mortgaging and home loans, there's a subtle difference that makes even mortgagors cringe:

Mortgage is like a loan from the bank, where you borrow money to buy something; like when you get a car, but with no road fees or gas, it's all about getting your hands on the car. But home loan is like borrowing from the land, where you can't just drive around like in the streets and buy whatever you want. Example sentence: "I'm looking into buying my dream house, but I don't want to go with a mortgage. I want to look like a real estate agent!"