What is a Borrower?

October 22, 2009 by  
Filed under Blog, What is a borrower?

What is a borrower?

A borrower is someone or party of people who receive something of value such as a property, with an obligation attached to pay back something of greater value.  In real estate terms, the borrower will receive a property as longs as they pay back the loan with certain conditions and terms, such as an interest rate.



Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!

Housing Assist Coldwellbanker