mortgagee
Bank holding liens
A mortgagee is the lender in a mortgage agreement—typically a bank or financial institution that provides the loan to purchase property.
The mortgagee holds a legal interest in the property until the loan is repaid.
If the borrower defaults, the mortgagee can foreclose.
Compare with mortgagor, the borrower.
Place holding deposits
- creditorOne owed money
- institutionEstablished organization or custom
- financierManager of substantial funds
- underwriterOne who assumes financial risk
investor · funder · capitalist · backer · trustee · beneficiary · assignee · servicer
Lender seizes mortgaged property
- repossessionCreditor seizing collateral
- lienClaim securing debt
- titleFormal honorific or name
- defaultPreset standard option
seizure · collateral · priority · subrogation · enforcement · possession · acceleration · receivership
Attention, stake, or fee
- principalChief school administrator
- amortizationGradual debt reduction schedule
- escrowConditional third-party deposit
- equityImpartial treatment or ownership value
refinance · repayment · installment · rate · adjustable · fixed · balloon · term
bank
Place holding deposits
- creditorOne owed money
- institutionEstablished organization or custom
- financierManager of substantial funds
underwriter · investor · funder · capitalist · backer · trustee · beneficiary · assignee · servicer · holder
foreclosure
Lender seizes mortgaged property
- repossessionCreditor seizing collateral
- lienClaim securing debt
- titleFormal honorific or name
default · seizure · collateral · priority · subrogation · enforcement · possession · acceleration · receivership · redemption
interest
Attention, stake, or fee
- principalChief school administrator
- amortizationGradual debt reduction schedule
- escrowConditional third-party deposit
equity · refinance · repayment · installment · rate · adjustable · fixed · balloon · term · premium
deed
Written property conveyance
real estate · premises · freehold · leasehold · encumbrance · charge · lien · homestead · parcel · land
- mortgageshome loan, home loans, down payment, refinancing, refinance
- contract partiesparty, counterparty, signatory, buyer, seller
- legal partiesassignee, assignor, creditor, debtor, beneficiary
- property rolesproperty owner, homeowner, landlord, tenant, lessee
- property lawfreehold, leasehold, deed, deeds, title
- foreclosureforeclosure auction, forced sale, foreclosure prevention, foreclosure notice, foreclosure sale
- mortgage ratesCost of borrowing for property
- second mortgageSubsequent lien on property
- mortgage paymentRecurring housing debt transfer
- mortgage brokerArranges home financing
- mortgage loanDebt secured by property
- mortgage agreementsProperty purchase financing contracts
mortgage, mortgages, mortgaged, mortgaging, mortgagor, mortgagees, mortgager