Borrower

Over 2200 Glossary Terms

Borrower

A borrower is an individual or entity that receives loaned funds or property and is required to return those funds or property at some future date. In the financial sense, a borrower is one who draws money from a credit facility, and is contractually obligated to pay back the principal plus interest.

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Loan Type Today
30 yr fixed 4.93
15 yr fixed 4.38
5/1 ARM 3.79

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