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January 19, 2023
A mortgagor is someone who borrows money from a lender to buy a house or other piece of real estate. Mortgage loans with varying lengths are available to borrowers based on their credit history and collateral. The mortgagor must pledge the title to the actual property as security to get a mortgage loan. On the other hand, a mortgagee is a company that loans money to a borrower to acquire real estate.
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When Is the First Mortgage Payment Due?
What Does Foreclosure Mean?
What Is a HELOC Loan?
Loan Default
Financial Considerations (For First-Time Home Buyers)
Mortgage Loan Types
Payment and Debt Ratios
Home Value: Appraised, Estimated, Actual