"Mortgagee" Example Sentences
1. The mortgagee has the right to foreclose on the property.
2. The mortgagee agreed to extend the repayment period by six months.
3. The mortgagee was responsible for disbursing funds for the home purchase.
4. The mortgagee offered a competitive interest rate on the loan.
5. The mortgagee required a minimum down payment of 20%.
6. The mortgagee provided a statement of account for the borrower's records.
7. The mortgagee held a lien on the property until the loan was repaid in full.
8. The mortgagee allowed the borrower to make extra payments towards the principal.
9. The mortgagee required the borrower to obtain insurance on the property.
10. The mortgagee offered a deferred payment option to the borrower.
11. The mortgagee included an arbitration clause in the loan agreement.
12. The mortgagee had the right to assign the loan to another party.
13. The mortgagee required an appraisal of the property to determine its value.
14. The mortgagee charged a fee for processing the loan application.
15. The mortgagee offered a repayment plan for borrowers experiencing financial hardship.
16. The mortgagee had the right to inspect the property before approving the loan.
17. The mortgagee provided a pre-approval letter to the borrower.
18. The mortgagee offered a fixed-rate option for the loan.
19. The mortgagee required the borrower to maintain the property in good condition.
20. The mortgagee allowed the borrower to make interest-only payments for a certain period.
21. The mortgagee provided a disclosure statement to the borrower outlining the terms of the loan.
22. The mortgagee required the borrower to sign a promissory note.
23. The mortgagee issued a satisfaction of mortgage certificate once the loan was paid off.
24. The mortgagee established an escrow account for payment of property taxes and insurance.
25. The mortgagee required a credit check for loan approval.
26. The mortgagee had the right to initiate legal action to collect on the loan.
27. The mortgagee allowed the borrower to modify the loan terms if necessary.
28. The mortgagee provided amortization schedules to show the repayment plan.
29. The mortgagee used a credit score to determine the interest rate for the loan.
30. The mortgagee gave the borrower a grace period for missed payments.
Common Phases
1. The
mortgagee has the right to foreclose the property if the mortgagor defaults on their payments.
2. The
mortgagee may require certain insurance policies be in place to protect their investment.
3. The
mortgagee may have additional fees associated with the loan, such as appraisal and processing fees.
4. The
mortgagee may work with the mortgagor to modify the terms of the mortgage if financial hardship arises.
5. The
mortgagee typically holds the title to the property until the mortgage is paid off in full.