What's the difference between mortgagee and mortgagor?

Mortgagee


Definition:

  • (n.) The person to whom property is mortgaged, or to whom a mortgage is made or given.

Example Sentences:

  • (1) This means I cannot re-mortgagee with a good interest rate, thus allowing the banks to maintain their strangle hold, preventing me from paying down my mortgage enough to get a better rate.

Mortgagor


Definition:

  • (n.) One who gives a mortgage.

Example Sentences:

  • (1) This is not a London phenomenon, either – there are actually more “mortgagors” in London than outright owners, which the survey puts down to the younger population in the UK capital.

Words possibly related to "mortgagee"

Words possibly related to "mortgagor"