Mortgagor

What is a Mortgagor?

A Mortgagor is a technical term for the person who has taken out a mortgage to buy a property. This is usually the homeowner, but the term also applies to people who take out a mortgage for business purposes.


Q: What is the relationship between a mortgagor and a mortgagee?

A: The mortgagee is the mortgage lender, who holds the deed to the property that the mortgager is paying the mortgage on.

Q: What is a co-mortgagor?

A: A co-signer of the mortgage. This person doesn’t have to be a co-owner of the property, but they might own a portion of property if they help make mortgage payments.

Jargon Buster

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