Mortgagor
/ˈmɔːrɡɪɡər/
Definitions
- (n.) A person or entity that grants a mortgage on property as security for a loan.
The mortgagor agreed to the loan terms secured by the house.
Forms
- mortgagors
Related terms
See also
Commentary
The mortgagor holds legal title but conveys a security interest to the mortgagee; clear drafting should specify rights and obligations to avoid foreclosure disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.