mortgagor

or mort·gag·er

[ mawr-guh-jer ]

noun

1. a person who mortgages property.

mortgagor

/ ˌmɔːɡɪˈdʒɔː; ˈmɔːɡɪdʒə /

noun

1. property law a person who borrows money by mortgaging his property to the lender as security

Word History and Origins

Origin of mortgagor¹

First recorded in 1575–85; mortgage + -or ²

Example Sentences

When he signed the legislation, President Franklin Roosevelt declared, “Cooperation between the officials of the Home Owners’ Loan Corporation, the mortgagor and the mortgagees during the next few months will make many foreclosures unnecessary and will do substantial justice to all parties concerned.”

From Washington Post

The language that concerns the senators and advocates for older Americans is a proposed change in the National Housing Act that says, in regard to reverse mortgages, that a mortgagor “shall not include the successors and assigns of the original borrower under a mortgage.”

From Seattle Times

The language that concerns the senators and advocates for the elderly is a proposed change in the National Housing Act that says, in regard to reverse mortgages, that a mortgagor “shall not include the successors and assigns of the original borrower under a mortgage.”

From New York Times

Do we have to find the current/latest mortgagor?

From Washington Post

This requires that the tenant not also be the mortgagor or the mortgagor’s child, spouse or parent; and the rent due under the lease is not substantially less than market rent, unless the rent is reduced by a subsidy.

From Seattle Times

Related Words

• borrower
• defaulter