GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
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62% - Often

Mortgagee


Synonyms:financial backer, loan company, moneylender, mortgage company, mortgage lender
Filed Under: mortgages
Tags: mortgage
 

Definition of mortgagee

mortgagee
1. The lender in a mortgage transaction.

Related Terms and Acronyms:

  • bank   An institution that acts as a financial intermediary by receiving money from depositors and lenders and also lending to borrowers.
  • conditional commitment   A promise by a lender to make a loan if the borrower meets certain requirements.
  • lead lender   A financial institution which heads up a financial consortium or syndicate to provide funds for a mortgage.
  • lender   The bank or mortgage company offering the loan.
  • loan commitment   A lender's promise to advance a specific sum on specific terms.
  • mortgage (mtg)   A mortgage is a contract stipulating a specific real property, typically a residence or building, as collateral for a loan. The mortgage incurs a rate of interest that varies according to term and other features.
  • mortgage application   A document in which a prospective borrower details his or her financial situation to qualify for a loan.
  • mortgage banker   An employee of a large bank who finds financing for the general public.
  • Mortgage Broker (MB)   One who finds clients perspective lenders at generally no cost. Mortgage Brokers have a special relationship with lenders and can offer their clients the best rates and service. CanEquity goes through great lengths to ensure you are serviced by the best Mortgage Brokers in Canada.
  • private lender   A lender not associated with a traditional lender.

More Related Terms and Acronyms

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