Respuesta :
In a mortgage agreement, the borrower conveys to the lender a security interest in the mortgaged property. The lender, i.e. the individual who receives the mortgage claim, is known as the mortgagee.
What is a mortgage?
A mortgage is described as a loan accrued to either purchase a house or maintain it. Furthermore, a mortgage can also be used to buy real estate or any land property. In this context, the borrower takes the money from the lender (who lends the money).
The mortgagee is the person who lends the money to the borrower. It is important to mention that a mortgagee can also be a lending institution like a bank that provides the funds to the borrower.
It can be concluded that in a mortgage agreement, the borrower conveys to the lender a security interest in the mortgaged property. The lender, i.e. the individual who receives the mortgage claim, is known as the mortgagee.
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