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. Lenders assess a borrower's creditworthiness, income, and debt-to-income ratio before approving a mortgage. They offer various loan types, including fixed-rate and adjustable-rate mortgages, each with different terms and interest rates. Understanding these options helps borrowers choose the best financing solution for their needs.