Meaning & use
mortgagor
Last updated
A person or entity who borrows money by pledging property as security, typically to buy a home.
See it in a sentence
The mortgagor is required to make monthly payments until the loan is fully repaid.
If the mortgagor defaults, the lender may have the right to seize the property.
A note on using this word
Easy to confuse with "mortgagee": the mortgagor is the borrower who takes out the loan, while the mortgagee is the lender who provides it.
Words with a similar meaning
borrower
Choose a synonym to suit the sentence. Meanings can overlap without being identical.
Words with an opposite meaning
mortgagee
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