Mortgagor is a legal term for a person or entity that borrows money to purchase real estate and pledges the property as security for the loan. The mortgagor conveys an interest in the property to the lender through a mortgage, with the right to redeem it upon repayment. In practice, the mortgagor is contrasted with the mortgagee, the lender receiving the security interest.
Full pronunciation guide9 of 12 videos
0:57Appraisal
How to Pronounce Appraisal
0:58Collateral
How to Pronounce Collateral
1:01Conveyance
How to Pronounce Conveyance
0:57Covenant
How to Pronounce Covenant
1:05Due-Diligence
How to Pronounce Due-Diligence
0:57Escrow
How to Pronounce Escrow
0:54Lien
How to Pronounce Lien
1:01Lienholder
How to Pronounce Lienholder
0:58Mortgagor
How to Pronounce Mortgagor
1:02Occupancy
How to Pronounce Occupancy
