WordNet
n. the person who accepts a mortgage; "the bank became our mortgagee when it accepted our mortgage on our new home" [syn: mortgagee]
Usage examples of "mortgage holder".
Buying it put a sizable dent in her savings, but she paid for it in full, so Gray wouldnt be able to pull any strings with a mortgage holder and cause her any trouble.
Do you want your home confiscated if you fall behind on a tax payment with the same speed with which a mortgage holder will foreclose if you fail to pay up, or a landlord will kick you out if you fail to pay rent -- or do you prefer the present practice in which the government will stall around for years before putting your place up for auction?
Do you want your home confiscated if you fall behind on a tax payment with the same speed with which a mortgage holder will foreclose if you fail to pay up, or a landlord will kick you out if you fail to pay rent - or do you prefer the present practice in which the government will stall around for years before putting your place up for auction?
His home was mortgaged and the mortgage holder is taking possession of it.