A mortgage lender is a financial institution or company that provides loans specifically for purchasing or refinancing real estate properties. These lenders offer various types of mortgage products and work with borrowers to assess their financial situation, determine loan eligibility, and facilitate the loan application process. Mortgage lenders can include traditional banks, credit unions, online lenders, and specialized mortgage companies. They evaluate factors such as credit history, income, and property value to determine the terms and conditions of the loan. Throughout the mortgage process, lenders provide guidance, handle documentation, and ensure compliance with applicable regulations. Their primary goal is to provide borrowers with the necessary funds to purchase or refinance a property while managing the associated risks.