Mortgage lenders are financial institutions or individuals that provide loans to homebuyers for purchasing real estate. These loans, known as mortgages, are typically secured by the property itself, meaning the lender can take possession of the home if the borrower fails to repay the loan. Mortgage lenders assess the borrower's creditworthiness, income, and financial history to determine the loan amount and interest rate. There are various types of mortgage lenders, including banks, credit unions, and mortgage companies. Each lender may offer different loan products, terms, and interest rates. Borrowers should compare options to find the best fit for their financial situation and homeownership goals.