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  • October 24, 2022
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Mortgagor

The borrower in a mortgage, i.e., the party to a mortgage loan that is extended credit by the mortgagee (the lender) over a specific period of time. The loan extended serves the sole purpose of purchasing a real estate asset (a house) or refinancing an existing mortgage loan. A mortgagee might be an individual, business, etc.

The loan extended is secured by a mortgage (the real estate financed by the loan).


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