Mortgagor

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Mortgagor

In a mortgage, the party that borrows funds. The mortgagor must repay the amount borrowed to the mortgagee (which is usually a bank).
References in periodicals archive ?
The current mortgage tax break, which gives a tax break of up to 5.87 million yen per mortgage holder in installments over a period of 15 years, is to expire June 30.
It claims that by combining a mortgage and current account, mortgage holders can save thousands of pounds every year.
Our estimates, together with institutional knowledge, suggest that there are essentially five different distributions of loan-to-value ratios across mortgage holders and insurers (table B.1).
But real estate attorneys, mortgage and title company officials warn of pitfalls associated with a developer making loan payments on behalf of the original mortgage holder, or promising to assume an existing mortgage.
"In Europe they would pay on average just over d er [euro]895." Brokers Ireland, which represents the 1,250 independent dealer firms, said there is no reason why mortgage holders here should be paying the highest average rate across the euro area.
Protection expert at Scottish Widows, Esther Dijkstra, commented "The Mortgage Market Review has placed greater scrutiny over lifestyle and expenditure, with an increase in mortgage holders and potential new longer repayment terms impacting the way we assess our short and longer term financial priorities, yet more of us continue to give more attention to home, contents and car insurance than protecting mortgage repayments."
"A recent survey we conducted showed that almost one quarter of mortgage holders were unaware that a rise in the Bank of England bank rate would ultimately be bad news for mortgage holders, with 5% wrongly believing a rise in Bank of England rates would actually be good news for mortgage holders."
Research from the Money Advice Service (MAS) has found that more than half of mortgage holders have not considered how they will cope with a rise, and 8per cent are even unaware that rate rises are on the horizon, despite many forecasters believing this will start to happen in 2015.
The courageous Dubliner has since joined an action group urging the Government to find a solution for the desperate financial situation of IBRC mortgage holders.
The OTP bank chief said that it would be able to endure any move initiated by the government to help foreign currency mortgage holders, such as conversion of all foreign currency mortgages into forints.
ON the Daily Post Denbighshire Facebook page readers gave their reaction to the payment timebomb facing mortgage holders with interest-only loans.
Passing on the fees may be legal, but it violates common sense and the spirit of the law, because it allows banks and mortgage holders to force unsuspecting buyers to spend even more of their own money, making property ownership that much more difficult, while offering financial institutions a financial cushion they neither need nor deserve.

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