Definition, Meaning & Synonyms

mortgage-company

Noun

/ˈmɔːrɡɪdʒ ˈkʌmpəni/

Definition

A mortgage company is a financial institution that offers loans secured by real estate, enabling individuals to purchase homes.

Examples

After speaking with different mortgage companies, she found the best interest rate.
The mortgage company approved her loan application within a week.
It’s essential to choose a reputable mortgage company for your home financing needs.

Meaning

Mortgage companies provide financing options for homebuyers and help facilitate the process of obtaining a mortgage as a means to buy residential properties.