Mortgage lender
Definition
The party who disburses funds to the borrower at the closing table. The lender receives the note evidencing the borrower's indebtedness and obligation to repay, and the mortgage which is the lien on the subject property.
Related Terms Other terms related to 'Mortgage lender' starting with the letter 'M' Market niche, Mortgage formulas, Mortgage insurance premium, Minimum down payment, Mortgage company
Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 