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.
You might be familiar with this term if you own a home, but still owe money to the bank via your mortgage. Let's square away some basic definitions before we go into detail. Mortgagor: This is you. The borrower. Mortgagee: This is your lender. It may be a bank, credit union or any other entity that lends you money to purchase a home. Ninety-nine percent of the time, you are borrowing money and paying it back with interest.