mortgage lender
A "mortgage lender" is crucial in the real estate market, providing the necessary funds for property purchases and using the property as security for the loan.
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Definition
B2Finance
(general)A financial institution or individual that provides loans for purchasing or refinancing property, using the property as security.
Example
- She approached a mortgage lender to finance her new home.
- The mortgage lender offered competitive interest rates.
C1Real Estate
(technical)An entity that assesses a borrower's financial situation to determine the loan amount and interest rate for a property purchase.
Example
- The mortgage lender evaluated his creditworthiness before approving the loan.
- Mortgage lenders play a key role in the housing market by enabling property transactions.
Similar
Terms that have similar or relatively close meanings to "mortgage lender":