What does grantor mean on a loan?

0 votes
asked Oct 22, 2020 in Other-Finance by DavidVon (910 points)
What does grantor mean on a loan?

5 Answers

0 votes
answered Oct 22, 2020 by Christeen (62,780 points)
The grantor of the loan would be the person giving you the loan.

For example when you apply for a loan such as at a bank then you go through an approval process then if you're approved the bank president would be the grantor or the bank owner would be the grantor of the loan.

They grant you the money on the loan and you the borrower would be the grantee.

Also for real estate when you buy a house and you pay the house off and get the deed in your name then you also would be the grantee and the bank who then transfers ownership to you would be the grantor.

Or if you buy a house from an individual without a mortgage and pay cash and they transfer the deed to you the owner would be the grantor while the buyer which is you would be the grantee.

A grantee is the person who gets ownership of the property transferred to them from the grantor.
0 votes
answered Jan 10 by inessa8 (3,940 points)

If you need to take a loan really fast, I suggest to refer a professional service like online payday loans colorado which is a really effective solution if you want to get a loan really fast. They are helping with all the questions and make it rather faster than in a simple bank. You don't need to show your credit score for this!

0 votes
answered Jan 10 by Grauman (5,150 points)
The grantor of the loan is the person or business loaning you the money.

You are then the grantee of the loan.
0 votes
answered Jan 16 by bella (980 points)

hi

thank you

0 votes
answered Jan 16 by bella (980 points)

I often take loans online and it is very convenient for me because I can get money for the necessary purchase very quickly and pay when I have the money. In addition, payday loans in Delaware have often helped me out in difficult financial situations. It's very simple and convenient for me.

51,887 questions

57,175 answers

608 comments

2,920,047 users

...