There are two parties to a mortgage:
(1) the mortgagor, or borrower (debtor),
(2) the mortgagee, or lender (creditor).
The mortgagor owns the property, and the mortgagee owns the mortgage. A mortgage is regarded as an investment or chattel (personal property) by the mortgagee and, like other such investments, may be sold to another investor if desired (see below).