Definition, Meaning & Synonyms

mortgage-holder

Noun

/ˈmɔːrɡɪdʒ ˈhoʊldər/

Definition

A mortgage-holder is an individual or entity that holds a mortgage on a property, typically the lender who provides the loan for purchasing real estate.

Examples

The mortgage-holder has the right to foreclose on the property if the borrower defaults on the loan.
Before signing the mortgage agreement, it’s important to understand the responsibilities of being a mortgage-holder.
The bank, as the mortgage-holder, ensures that the terms of the loan are clearly defined.

Meaning

The person or organization that has the legal right to receive payments for the mortgage loan and has a secured interest in the property until the mortgage is paid off.