Most people understand that a mortgage involves the ________ borrowing money and giving the creditor a claim against their property (land and buildings) as added security in the event of a default.
A) mortgagee
B) court
C) debtor
D) tenant
E) principal

Question

Quizplus · Accepted Answer

The correct term for the party borrowing money in a mortgage agreement is the "debtor." This is because the debtor is the one who owes the debt to the creditor, secured by a claim against their property.

Most People Understand That a Mortgage Involves the ________ Borrowing