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Mortgage Lender
January 19, 2023
A mortgage lender is a financial entity or bank that provides and underwrites house loans. Lenders use specific lending rules to determine your creditworthiness and capacity to repay a loan. They decide on the terms, interest rate, repayment schedule, and other essential components of your loan.
Related Topics
When Is the First Mortgage Payment Due?
What Does Foreclosure Mean?
What Is a HELOC Loan?
Loan Default
Financial Considerations (For First-Time Home Buyers)
Mortgage Loan Types
Payment and Debt Ratios
Home Value: Appraised, Estimated, Actual