NOUN
-
the person who accepts a mortgage
the bank became our mortgagee when it accepted our mortgage on our new home
How To Use mortgage holder In A Sentence
- Over to you, then, existing home owners and mortgage holders? Times, Sunday Times
- All the rest -- acres of pasture, cleared and grassed, stretches of fertile ground, blocks of noble timber still uncut -- had passed through the hands of mortgage holders, through bank transfers, by devious and tortuous ways, until the title rested in Horace Gower, -- who had promptly built the showy summer house on Cradle Bay to flaunt in his face, so old Poor Man's Rock
- A plan is under consideration to offer term life insurance, fixed annuities, and title insurance for mortgage holders.
- When this happens, there is a huge incentive to just let the mortgage holder foreclose on the home.
- If the mortgage holders are honest folks, dupped by a predatory lender, I hope they can be helped and keep their homes. Happy Hour Roundup
- Most lenders require mortgage holders to take out term assurance policies - a simple form of life insurance which pays off the mortgage debt if the holder dies.
- In the past, the greatest flexibility that mortgage holders were offered was the choice of a variable or a fixed rate.
- A council spokesman said mortgage holders were offered a choice of insurance companies.
- It then directed that the liens on the property be foreclosed and the property sold with the proceeds of the sale to go to the mortgage holders and the U.S. government to satisfy part of the tax assessment.
- But nobody dares raise interest rates in the US where 65% of mortgage holders have refinanced their properties and where, currently, an easy money property boom is underway.