Who is the mortgagor in a mortgage agreement?

In a mortgage agreement, the mortgagor is the borrower, which is correctly identified as the individual or entity that takes out a loan to purchase a property. The mortgagor pledges the property as security for the loan, allowing the lender (the bank) to claim the property should the borrower fail to meet their repayment obligations.

This definition is central to understanding how mortgages function. The borrower seeks financing from the lender, agreeing to repay the loan over a specified period while using the property as collateral. In this context, the bank or lender (not the mortgagor) serves as the party providing the funds and holding the mortgage as security against the loan.

The other roles mentioned, such as that of the real estate agent and the investor, do not directly pertain to the contractual relationship established in a mortgage agreement in terms of obligations and responsibilities. The real estate agent typically facilitates the purchase or sale of properties but does not take on the role of the mortgagor in this agreement. Similarly, an investor may be involved in property transactions but does not function as the mortgagor unless they are specifically borrowing against a property they own. Thus, identifying the mortgagor as the borrower clarifies the relationship