Definition

Share this Post

  • Connector.

    Mortgagor can be defined as a person who mortgages his or her property as security for the mortgage, usually the borrower.

    Parlee McLaws LLP. “Glossary Of Common Financial and Legal Terms”, 4th ed.

  • Connector.

    Another definition of a mortgagor: a person who borrows money and signs a mortgage as security. The money is often lent to buy something valuable, such as real estate, and the mortgage is a debt over that property.

    Parlee McLaws LLP. “Glossary Of Common Financial and Legal Terms”, 4th ed.