define lender - Search
  1. Dictionary

    lend·er
    [ˈlendər]
    noun
    lender (noun) · lenders (plural noun)
    1. an organization or person that lends money:
      "a mortgage lender"
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    Who are considered lenders? Lenders are individuals, groups, or institutions that let you borrow money for a set period of time and repay it with interest. They come in various forms, from banks and credit unions to friends and family and specialized institutions. Always compare several options to find the best deal when you're in the market for a loan.
    How do lenders work? A lender is an institution, group, or individual that loans money to borrowers for various reasons. Lenders expect to be repaid on a specific schedule, usually with interest. Lenders enable individuals and businesses to accomplish things they wouldn't be able to do without taking out a loan.
    What are the different types of lenders?The three most common options for borrowers seeking a mortgage lender are mortgage brokers, direct lenders (e.g., banks and credit unions), and secondary market lenders (e.g., Fannie Mae and Freddie Mac ). What Are the Best Mortgage Lenders for Bad Credit?
     
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