Brand: Spalding. Enjoy a game of hoops anywhere, anytime with this portable basketball system from Spalding. It's a great way to practice and play basketball with your friends and family. The hoop is easily adjustable, allowing you to change the height to accommodate players with varying ages and abilities. It...
A mortgagor is an individual or company who borrows money to purchase a piece of real property. By granting the lender an interest in the property, which allows it to lend the funds with an accurate assessment of risk, the mortgagor provides the lender with a guarantee for the full repayment of the loan. Also known as a chargor.
For example, a bank that loans money to a borrower to purchase a home would expect a security interest in return. The security interest that lenders expect from borrowers is called a mortgage. When a mortgagee receives a mortgage from a borrower, there is a perceived decrease in the risk that a borrower won't pay the debt. Mortgagor A mortgage is the most common form of security interest given to lenders by borrowers who need money to purchase real property. Mortgagors are the borrowers who pay the mortgage to those lending them money to purchase things like a home. A mortgage isn't the loaning of money to purchase real property, which is why lenders aren't mortgagors. A mortgage is the actual debt instrument that's secured by collateral -- the mortgagor's new home.