mortgagor Synonyms
No Synonyms and anytonyms found
mortgagor Meaning
Wordnet
mortgagor (n)
the person who gives a mortgage in return for money to be repaid
Webster
mortgagor (n.)
One who gives a mortgage.
mortgagor Sentence Examples
- The mortgagor is responsible for making timely payments to the lender.
- As a mortgagor, you must maintain insurance on the property financed by the mortgage.
- The mortgagor has the right to prepay the mortgage balance at any time without penalty.
- The lender will foreclose on the mortgaged property if the mortgagor fails to make payments.
- The mortgage contract outlines the obligations and rights of both the mortgagor and the mortgagee.
- The mortgagor may be held personally liable for the mortgage debt if the property is not worth enough to cover the loan balance.
- The mortgagor should carefully review the mortgage terms before signing the agreement.
- A mortgagor can refinance their mortgage to obtain a lower interest rate or shorter loan term.
- The mortgagor is entitled to receive a statement from the lender showing the loan balance and payment history.
- The mortgagor can request a loan modification if they are experiencing financial hardship and cannot afford to make the mortgage payments.
FAQs About the word mortgagor
the person who gives a mortgage in return for money to be repaidOne who gives a mortgage.
No synonyms found.
No antonyms found.
The mortgagor is responsible for making timely payments to the lender.
As a mortgagor, you must maintain insurance on the property financed by the mortgage.
The mortgagor has the right to prepay the mortgage balance at any time without penalty.
The lender will foreclose on the mortgaged property if the mortgagor fails to make payments.
