Which party is the mortgagor in a mortgage agreement?

In a mortgage agreement, the mortgagor is the borrower, who is the party that takes out the loan to purchase real estate. This party pledges their property as collateral to secure the loan. By doing so, the mortgagor agrees to repay the borrowed amount under the terms specified in the mortgage contract. The lender, who provides the funds for the mortgage, is known as the mortgagee. This relationship is fundamental to understanding mortgage contracts, as it establishes the roles and responsibilities of each party involved.

The other options represent parties that are not directly involved in the borrower-lender relationship. The lender is the one providing the funds and holds the mortgage until the loan is repaid. The real estate agent facilitates transactions but does not become a party to the mortgage itself. The title insurer offers protection against losses related to property ownership but does not play a role in the mortgage agreement as either a mortgagor or mortgagee. Thus, understanding the definition and role of the mortgagor clarifies why the borrower is the correct answer in this context.