Mortgage lenders Meaning and Definition

Pronunciation

/ˈmɔːr.tɪtʃ ˈlɛn.dərz/ 🔊

Part of Speech

Noun

Definition

Financial institutions or companies that provide mortgages to individuals or organizations and offer lending services for the purchase or refinancing of real estate.

Examples

• The couple applied for a mortgage from a renowned mortgage lender.
• The real estate broker recommended a reputable mortgage lender for their clients.

Synonyms

• Mortgage brokers
• Funding institutions

Etymology

The term “lender” originates from the Old English word “lendian,” meaning “to give or grant.” Mortgage lenders combine the concepts of lending and mortgage-backed transactions.

Usage Notes

Mortgage lenders can be categorized as banks, credit unions, or private financial institutions. When referring to mortgage lenders, it is essential to specify the type of institution for clarity.

Cultural References

Mortgage lenders have been featured in popular movies and TV shows, such as “The Wolf of Wall Street” and “House of Cards.”

Idiomatic Expressions or Phrases

“To lend a hand” or “to fall behind on mortgage payments” are common idioms related to lending and mortgage transactions.

Related Words or Phrases

• Real estate agency
• Mortgage broker
• Financial institution

Collocations

• Mortgage lenders and financial institutions
• Mortgage lenders and real estate agents

Frequency of Use

Mortgage lenders are crucial in the real estate industry and are frequently referenced in daily conversations, news articles, and financial reports.

Common Misspellings

• Mortgaged lenders
• Morgage lenders