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.