mortgagors

Example:The lender provides the funds necessary for the mortgagor to acquire the property.

Definition:A person or entity that loans money, goods, or services in exchange for a promise of repayment and sometimes interest.

Example:The creditor has the right to pursue legal action if the mortgagor defaults on the loan.

Definition:A person or entity to whom money or goods are owed; a supplier of money, goods, or services.