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Mortgagee or a mortgage lender provides uses security against a property to extend a loan amount. Usually, when investing in real estate, the amount of money required is always large and it is but natural that the mortgage lender or loan provider usually wants security for the loan as collateral, something that will provide a claim. Mortgage and home finance lenders can be sought for first and second home finance. The lender loans the money on the registration of the mortgage against the property title.

The borrower or the loaner then offers the gives the lender the mortgage as a security for the loan. The mortgage or loan amount is then forwarded and the person seeking the loan can then accordingly make the required payments and maintain possession of the recorded property. The borrower gets the mortgage discharged once the debt is paid in full. However, in case the mortgagor fails to repay the loan, the mortgagee has the right to foreclose the property.