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Mortgagee

Mortgagee

This is a discussion on Mortgagee within the Mortgage Calculator forums, part of the Mortgage and Loans Forum category; A mortgagee is an entity that acts as a lender to a borrower for the purpose of buying a piece ...

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Mortgage Calculator Mortgage calculators are used to help a current or potential real estate owner determine how much they can afford to borrow to purchase a piece of real estate. This online tool enables prospective borrowers to calculate and compare monthly mortgage payments for different loan types, terms, interest rates ... A calculator that determins what the monthly principal and interest will be by entering the home loan amount and interest rate. ...

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12-28-2010, 04:09 AM

Eugine

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Mortgagee

A mortgagee is an entity that acts as a lender to a borrower for the purpose of buying a piece of real property. In a real estate transaction, the lender advances the necessary funds to the borrower or mortgagor in order to complete the deal. Because buying a home is quite often a lengthy endeavor, the lender and borrower begin a professional affiliation that continues over the entire time of the loan. Mortgagees actually have funds available to make the loan, and should not be mistaken for what are called mortgage "agents." Mortgage agents do not lend money or make loans of any kind; they simply act on behalf of actual lenders.

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