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Real Estate - Home ยป FAQs ยป Lender

Lender

February 9, 2023 By Libby Guthrie Leave a Comment

A

Lender

Posted by Libby Guthrie
Lender
Lender

What is a lender?

A lender, AKA Mortgage Lender is an entity that issues mortgage loans. Typically, a bank, mortgage broker, credit union, etc.

A mortgage lender is a bank or other financial institution that provides loans to people who want to buy a home.

The lender will look at a person’s credit history, income, and other factors to decide if they are eligible for a loan and how much they can borrow.

The lender will also discuss the different types of mortgages available and the interest rate and terms of the loan.

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Category: Financing
Tags: Homebuyer Terms, Mortgage Terms, Real Estate Terms

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Libby Guthrie, Realtor
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๐Œ๐จ๐ฌ๐ญ ๐๐ฎ๐ฒ๐ž๐ซ๐ฌ ๐–๐š ๐Œ๐จ๐ฌ๐ญ ๐๐ฎ๐ฒ๐ž๐ซ๐ฌ ๐–๐š๐ง๐ญ ๐š ๐Œ๐จ๐ฏ๐ž-๐ˆ๐ง ๐‘๐ž๐š๐๐ฒ ๐‡๐จ๐ฆ๐žIs your home TRULY move-in ready? The majority of homebuyers say it's important!Don't let outdated features or minor repairs stall your home sale.Visit our blog for an action plan to prep for today's market!๐Ÿ”— [Link in Bio]#homestaging #moveready #sellingtips #homeupgrades #realestatestrategy #sellerprep
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โฃ
๐Ÿ…ฐ Pay less for a home today with a higher mortgage rate?โฃ
ORโฃ
๐Ÿ…ฑ Wait and pay more for a home with a lower rate?โฃ
โฃ
๐Ÿ‘‰ If you're unsure, consider this: Buying at a lower price (even with a higher mortgage rate) can mean less competition and a chance to refinance later if rates drop.โฃ
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