Share on Facebook Share on Twitter Email
Answers.com

mortgagor

 
Dictionary: mort·ga·gor   (môr'gĭ-jôr', môr'gĭ-jər) pronunciation also mort·gag·er
(môr'gĭ-jər)
n.
One that mortgages property.


Search unanswered questions...
Enter a question here...
Search: All sources Community Q&A Reference topics
Investment Dictionary: Mortgagor
Top

An individual or company who borrows money to purchase a piece of real property. By granting the lender an interest in the property, which allows it to lend the funds with an accurate assessment of risk, the mortgagor provides the lender with a guarantee for the full repayment of the loan. Also known as a "chargor".

Investopedia Says:
For most homebuyers, becoming a mortgagor is a necessary for owning a home. Because the real property in question is offered as security for the loan, the lender can claim its interest in the property in the event the loan is not repaid. This decreased risk allows homebuyers to borrow funds at much lower interest rates.

Related Links:
We walk through the steps needed to secure the best loan to finance the purchase of your home. Understanding Your Mortgage
Answering this means number-crunching as well as factoring in other considerations and expenses. Mortgages: How Much Can You Afford?
It starts with knowing your choices as well as your price range. We show you how to get there. Shopping For A Mortgage
Both of these have advantages and disadvantages depending on your financial needs and prospects. Mortgages: Fixed-Rate Versus Adjustable-Rate


Banking Dictionary: Mortgagor
Top

Borrower in a mortgage contract who mortgages the property in exchange for a loan and gives the title to the property to the Mortgagee.

Real Estate Dictionary: Mortgagor
Top

The owner of real estate financed with a Mortgage one who pledges property as Security for a loan.
Example: Abel obtains a mortgage loan from Homebuyers Savings. Abel serves as a mortgagor.

Architecture: mortgagor
Top

The borrower who obtains a mortgage.


Law Dictionary: Mortgagor
Top

The party borrowing money from a bank or other lending agency, who secures the loan with property the party owns in whole or in part.

Translations: Mortgagor
Top

Dansk (Danish)
n. - pantsætter, pantedebitor, panteskyldner

Nederlands (Dutch)
hypotheekgever

Français (French)
n. - débiteur hypothécaire

Deutsch (German)
n. - Hypothekenschuldner

Ελληνική (Greek)
n. - (νομ.) ενυπόθηκος οφειλέτης

Italiano (Italian)
debitore ipotecario

Português (Portuguese)
n. - devedor hipotecário (m)

Русский (Russian)
должник по закладной

Español (Spanish)
n. - deudor hipotecario

Svenska (Swedish)
n. - inteckningsgäldenär

中文(简体)(Chinese (Simplified))
抵押人

中文(繁體)(Chinese (Traditional))
n. - 抵押人

한국어 (Korean)
n. - 자당권 설정자

日本語 (Japanese)
n. - 抵当権設定者

العربيه (Arabic)
‏(الاسم) الراهن لعقار ما‏

עברית (Hebrew)
n. - ‮ממשכן‬


 
 

 

Copyrights:

Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.  Read more
Investment Dictionary. Copyright ©2000, Investopedia.com - Owned and Operated by Investopedia Inc. All rights reserved.  Read more
Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more
Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved.  Read more
Architecture. McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc. All rights reserved.  Read more
Law Dictionary. Law Dictionary. Copyright © 2003 by Barron's Educational Series, Inc. All rights reserved.  Read more
Translations. Copyright © 2007, WizCom Technologies Ltd. All rights reserved.  Read more