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What is an example of lender?

Lenders fall in the category of creditors. Banks, credit unions, and peer-to-peer (P2P) lending are common examples.

What is the role of a lender?

A lender is an individual, a public or private group, or a financial institution that makes funds available to a person or business with the expectation that the funds will be repaid. Repayment includes the payment of any interest or fees.

Who is considered the lender?

A lender is a financial institution that makes loans directly to you. A broker does not lend money. A broker finds a lender. A broker may work with many lenders.

What is the lender name means?

Lender was a name for some one lived beside a grove of lime trees. The family name Lender is derived from the German word linde, which means lime tree.

What is the difference between bank and lender?

While each provides money, a smart real estate investor should know the differences the two. Banks are traditionally less expensive, but they are harder to work with and more difficult to get a loan approved with. Private lenders tend to be more flexible and responsive, but they are also more expensive.

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