noun বন্ধকদাতা;
mortgagor definition
A mortgagor is a borrower who has pledged property as collateral for a loan.
mortgagor শব্দটির synonyms বা প্রতিশব্দ
mortgagor Example in a sentence
The mortgagor, being the homeowner, is responsible for making timely mortgage payments.
Prior to closing, the lender conducts a thorough credit check on the mortgagor to assess their financial standing.
It is imperative for the mortgagor to provide accurate information on their loan application to avoid any discrepancies.
Should the mortgagor default on their mortgage payments, the lender has the right to initiate foreclosure proceedings.
The mortgagor may choose to refinance their mortgage with a different lender to secure better interest rates or terms.
The mortgagor is obligated to maintain the property in good condition, as per the terms of the mortgage agreement.
In some cases, the mortgagor may be granted a loan modification, which is an adjustment to the terms of their mortgage.
The mortgagor’s obligation to pay property taxes and insurance is typically stipulated in the mortgage contract.
The mortgagor has the right to receive a Truth-in-Lending disclosure, which outlines the details of their mortgage loan.
The mortgagor should carefully review the closing documents to ensure they fully understand the terms of their mortgage commitment.