mortgager
Home loan taker
A mortgager is someone who mortgages property—typically a homeowner who borrows money using their home as collateral.
The term is less common than mortgagor, which means the same thing.
The lender who holds the mortgage is the mortgagee.
The mortgager defaulted on payments and faced foreclosure.
One purchasing residential property
- debtorOne who owes
- obligorOne bound by contract
- co-signerJoint debt guarantor
- guarantorOne pledging another's obligation
signatory · applicant · purchaser · owner · resident · occupant · creditworthy · qualified
Gradual debt reduction schedule
- repaymentGiving back what's owed
- principalChief school administrator
- interestAttention, stake, or fee
- installmentPeriodic partial payment
default · delinquency · arrears · foreclosure · prepayment · balloon · escrow · indebtedness
Final stage of something
- appraisalEstimation of worth
- titleFormal honorific or name
- underwritingRisk evaluation and acceptance
- preapprovalAuthorization before final commitment
qualification · equity · refinance · origination · settlement · deed · conveyance · recording
homebuyer
One purchasing residential property
guarantor · signatory · applicant · purchaser · owner · resident · occupant · creditworthy · qualified · first-time
amortization
Gradual debt reduction schedule
installment · default · delinquency · arrears · foreclosure · prepayment · balloon · escrow · indebtedness · encumbrance
closing
Final stage of something
- appraisalEstimation of worth
- titleFormal honorific or name
- underwritingRisk evaluation and acceptance
preapproval · qualification · equity · refinance · origination · settlement · deed · conveyance · recording · disclosure
house
Residential building
estate · condominium · townhouse · duplex · bungalow · villa · dwelling · domicile · freehold · leasehold
mortgagee
Holder of property lien
servicer · underwriter · trustee · notary · attorney · broker · agent · institution · guarantor · insurer
mortgagermortgagee
Holder of property lien
lender · creditor · bank · lending institution · mortgage holder
- 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