mortgagors

Home loan takers

Mortgagors are borrowers who pledge property as security for a loan.

The term appears in legal and financial contexts where precision matters—the mortgagor owns the property and makes payments, while the mortgagee (typically a bank) holds the lien.

The mortgagors defaulted after missing three consecutive payments.

obligation

repayment

Giving back what's owed

defaultPreset standard option
delinquencyCriminal or neglectful behavior
foreclosureLender seizes mortgaged property

principal · interest · amortization · installments · escrow · lien · collateral · underwater · insolvency · bankruptcy

borrowing

creditworthiness

Ability to repay debts

preapprovalAuthorization before final commitment
co-signerJoint debt guarantor
qualificationRequired skill or condition

credit score · income verification · debt-to-income ratio · employment history · underwriting · approval · origination · first-time buyer · guarantor · affordability

transaction

closing

Final stage of something

settlementResolved dispute or colony
refinanceObtain new loan terms
servicerOne who maintains

lender · underwriter · escrow agent · title insurance · attorney · notary · disclosure · contingency · funding · disbursement

property

title

Formal honorific or name

deedWritten property conveyance
landEarth's solid surface
parcelWrapped item for shipping

estate · homestead · premises · dwelling · residence · equity · appraisal · valuation · encumbrance · survey

Opposites

transaction role

mortgagorsmortgagees

Holders of property loans

lenders · creditors · mortgage holders · banks · lending institutions

creditor-debtor relationship

mortgagorscreditors

Those owed payment

lienholders · claimants

Family

mortgagor

Familiarity: Top 1,000,000
Profile: Used worldwide · Timeless · Rated G