What term is used to describe the lender in a mortgage agreement?

In a mortgage agreement, the correct term for the lender is "mortgagee." This designation refers specifically to the financial institution or individual that provides the loan to the borrower to purchase property. The mortgagee holds the mortgage as collateral until the loan is paid off, which secures their interest in the property.

On the other hand, the term "mortgagor" is used for the borrower, who is taking out the loan to buy the property. The "borrower" is a more general term that can refer to anyone receiving a loan, but it does not specifically identify them within the context of a mortgage. "Investor," while relevant in the broader context of finance and property, does not specifically define the lender in a mortgage transaction, as investors can also refer to individuals or entities acquiring ownership in assets for various reasons, not necessarily related to primary lending activities. Thus, the mortgagee is the proper term for the party providing the funds in a mortgage agreement.