In mortgage terminology, who is the borrower?

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Multiple Choice

In mortgage terminology, who is the borrower?

Explanation:
Borrower is the mortgagor—the person who borrows the funds and pledges the property as security for the loan. The mortgagor signs the mortgage and promissory note and remains obligated to repay. The lender is the mortgagee, the guarantor is someone who promises payment if the borrower defaults, and a trustee would hold title in a deed of trust for the lender until the debt is satisfied.

Borrower is the mortgagor—the person who borrows the funds and pledges the property as security for the loan. The mortgagor signs the mortgage and promissory note and remains obligated to repay. The lender is the mortgagee, the guarantor is someone who promises payment if the borrower defaults, and a trustee would hold title in a deed of trust for the lender until the debt is satisfied.

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