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A mortgage is a conveyance of title to real property that is given as security for the payment of a debt. If the mortgage isn't paid the lender can take possession of the property by foreclosure. There are numerous types of mortgages and different practices under different jurisdictions.

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Originally a latin word meaning death and debt/ pledge - or literally death pledge. Mort is from the word 'mori' also morbid therefore has the same scense of meaning. Gage is from the sense of that meaning a pledrge to forfeit something of value if debt is not repaid.

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Q: What is Mortgage and what are the types of mortgage?
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