Cách sử dụng
The word 'mortgagor' is used in the context of buying a property such as a house or a piece of land. A mortgagor is the person who is borrowing money from a bank or a lender to purchase the property. The mortgagor is responsible for paying back the loan with interest over a period of time, usually in monthly instalments. If the mortgagor fails to make the payments, the lender has the right to take possession of the property. In short, a mortgagor is someone who borrows money to buy a property and agrees to pay it back over time.