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LSDefine

Simple English definitions for legal terms

money scrivener

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A quick definition of money scrivener:

A money scrivener is someone who helps people get money for things like mortgages or loans. They are like a middleman between the person who needs the money and the person or company who can provide it.

A more thorough explanation:

A money scrivener is a type of money broker who helps people obtain money for mortgages or other loans. They act as intermediaries between borrowers and lenders, helping to facilitate the lending process.

  • A person who wants to buy a house but doesn't have enough money for a down payment might turn to a money scrivener to help them secure a mortgage.
  • A small business owner who needs a loan to expand their operations might work with a money scrivener to find a lender who is willing to provide the necessary funds.

These examples illustrate how a money scrivener can help individuals and businesses obtain the financing they need to achieve their goals. By working with a money scrivener, borrowers can access a wider range of lending options and potentially secure better terms and rates than they would be able to on their own.

money-purchase plan | money service business

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