what is the difference in a mortgagor and a mortgagee?

0 ⤊

what is the difference in a mortgagor and a mortgagee?

2006-12-12 01:39:26 · 2 answers · asked by Clarissa H 1 in Cars & Transportation ➔ Car Makes ➔ Subaru

2 answers

mortgagor is the borrower in the loan transaction (the person taking out the loan)

mortgagee is the creditor or lender in the loan transaction ( the person giving the loan- the bank or lender or broker)

2006-12-12 01:44:55 · answer #1 · answered by Anonymous · 0⤊ 0⤋

mortgagor = bank, lender
mortgagee = person buying a house/building/land

2006-12-12 01:43:12 · answer #2 · answered by Magick Kitty 7 · 0⤊ 0⤋