A person who jointly holds a mortgage on property with one or more other mortgagees.
From co- (together, joint) plus mortgagee (one who receives a mortgage). A legal term combining the prefix co- with the financial term mortgagee.
In real estate, having a comortgagee means you share the power—both of you have claim on the property if payments fail. It's actually pretty common when couples buy homes together!
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