FinanceQuestion 67 of 100
In a mortgage transaction, the borrower who pledges the property as security is called the:
a.Mortgagee
b.Trustee
c.Mortgagor
d.Grantee
Explanation
The mortgagor is the borrower who pledges the property as collateral for the loan. The mortgagee is the lender that holds the security interest. Remember that the party whose title ends in '-or' gives the security to the '-ee'.
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