Mortgagor vs. Mortgagee — What's the Difference?

Difference Between Mortgagor and Mortgagee

One that mortgages property, usually the nominal owner entitled to use of the property.

One, usually a lender or a bank, that holds a mortgage.

Alternative spelling of mortgager

One who provides a loan secured upon the borrowers' property, the lender in a mortgage agreement.

The person who gives a mortgage in return for money to be repaid;

We became mortgagors when the bank accepted our mortgage and loaned us the money to buy our new home

The person to whom property is mortgaged, or to whom a mortgage is made or given.

The person who accepts a mortgage;

The bank became our mortgagee when it accepted our mortgage on our new home