What is the term for the financial arrangement in which a lender provides money to a borrower for purchasing real estate?

The term for the financial arrangement in which a lender provides money to a borrower for purchasing real estate is a mortgage. A mortgage is a specific type of loan that is secured by the real estate being purchased, allowing the borrower to obtain funds to buy a home or property. The property acts as collateral for the loan, which means that if the borrower fails to repay the mortgage, the lender has the right to take possession of the property through a legal process known as foreclosure.

In contrast, a lease is a rental agreement between a landlord and a tenant for the temporary use of a property. A deed is a legal document that conveys ownership of real estate from one party to another but does not involve financing. Title refers to the legal right to ownership of property, which can be evidenced by a deed but is unrelated to the financing of the purchase. Thus, the concept of a mortgage is central to real estate financing, making it the correct term in this context.