| center. Operation of the mortgage The borrower (also called the mortgagor) uses a mortgage to pledge real property to the lender (also called the mortgagee) as security against the debt (also called hypothecation) for the ameriquest mortgage review of the value of the property. In legal terms, the creation of a mortgage gives the legal title of the land to the mortgagee and an equitable title (called "equity ameriquest mortgage review redemption") to the mortgagor. The legal title, however, only exists as a security for a debt and does not convey any title or powers associated with real property. The mortgage instrument contains |  |
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