Final answer:
A mortgage loan negotiated by a mortgage broker is most often funded by a lending institution such as a bank or a financial institution.
Step-by-step explanation:
A mortgage loan negotiated by a mortgage broker is most often funded by a lending institution such as a bank or a financial institution. The mortgage broker acts as an intermediary between the borrower and the lender, helping the borrower find the best loan terms and facilitating the loan application process.
Once the loan is negotiated and approved, the lender provides the funds to the borrower to purchase the house. The borrower then makes regular mortgage payments to the lender, which includes both the principal amount borrowed and the interest charged.
It is important for the borrower to carefully review and understand the terms and conditions of the loan, including the interest rate, repayment period, and any associated fees. Additionally, the borrower should consider factors such as their credit score and financial stability when applying for a mortgage loan.