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What is the difference between a mortgage and a mortgagor?

Mortgagor Vs. Mortgagee In a real estate agreement, the mortgagor is the borrower of a mortgage loan, and the mortgagee is the lender. The mortgagor makes regular payments on the loan and agrees to a lien on the mortgaged property as collateral for the mortgagee.

What does a mortgagor do in a mortgage loan?

In a mortgage loan the mortgagor must pledge the title to the real property as collateral for the loan. This can be contrasted with a mortgagee, who is the entity that lends money to a borrower for the purpose of purchasing real estate. A mortgagor is the person or other entity that receives a mortgage loan in order to buy property.

Who is a mortgagor in real estate?

The mortgagor is the home buyer, or the person or entity that takes out a mortgage. A mortgagor could be either an individual or an entity. For example, an individual could be a person who buys a home, or it could be a legal entity like an LLC or partnership in a commercial real estate transaction. Who Is The Mortgagor Vs. The Mortgagee?

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