👉 Mortgaging is a legal process in which a borrower transfers ownership of their property to another party, typically through a mortgage. This transfer can be done either by transferring ownership outright (i.e., the borrower takes possession of the property) or through a loan with an interest that covers the value of the property and/or includes periodic payments. Mortgaging is often used in conjunction with other legal documents such as deeds to secure a loan, which allows the lender to take possession of the property
