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

The IFS said the UK's benefits system currently provides "relatively little support for low income mortgagors compared to what's on offer for low income renters".

From BBC

However, it is unlikely that delinquencies will rise to levels seen during the Great Recession, when more than 6% of mortgagors became 90 or more days delinquent, they said.

From Reuters

“It is the young — indebted students and struggling mortgagors, parents supporting families paycheck to paycheck, precarious recent graduates and anxious first-time job seekers — whose lives will be most deeply scarred,” they wrote.

From New York Times

She’s not getting that bump this spring, which is going to force her to reopen with “massive debt with vendors, rents, mortgagors, insurance, utilities and taxes.”

From Washington Post

So far, he said, banks have not offered relief to their landlord mortgagors.

From Los Angeles Times

Related Words

• borrower
• defaulter