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What is the difference between a mortgagee and a mortgagor?

A mortgagee is a lender and a mortgagor is a borrower. Here are the responsibilities and requirements for both in the mortgage process.

Is a mortgagor a lender or a borrower?

From that perspective, you might assume that the mortgagor is the one giving the loan to the mortgagee. And that would be a pretty sensible assumption. But as we now know, that’s not the case. It’s actually just the opposite: The mortgagor is the borrower, while the mortgagee is the lender.

Can a mortgagor be a mortgagee?

No, a mortgagor would not be a mortgagee. The mortgagee underwrites the loan and verifies the buyer’s information (the mortgagor). If you have the funds to act as a mortgagee (a mortgage lender), you wouldn’t need to apply for a mortgage as a mortgagor.

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