A co-signer on a mortgage who is individually or jointly liable for the repayments on a loan for the entire amount. The individual shares ownership of the property with one or more additional borrowers under the loan .

More On This Topic

Link to This Definition
Did you find this definition of CO-MORTGAGOR helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary