noun
- a person who gives a mortgage on property to secure a loan
Usage: legal
Examples
- The mortgager signed the documents to secure a loan for the house.
- As the mortgager, she was responsible for making monthly payments to the bank.
- The mortgager defaulted on the loan and faced foreclosure.
- Both the mortgager and mortgagee must agree to any changes in loan terms.
- The mortgager provided proof of income to qualify for the mortgage.
- After paying off the loan, the mortgager received clear title to the property.