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| Property law |
|---|
| Part of the common law series |
| Acquisition of property |
| Gift 路 Adverse possession 路 Deed |
| Lost, mislaid, or abandoned |
| Alienation 路 Bailment 路 License |
| Estates in land |
| Allodial title 路 Fee simple 路 Fee tail |
| Life estate 路 Defeasible estate |
| Future interest 路 Concurrent estate |
| Leasehold estate 路 Condominiums |
| Conveyancing of interests in land |
| Bona fide purchaser |
| Torrens title 路 Strata title |
| Estoppel by deed 路 Quitclaim deed |
| Mortgage 路 Equitable conversion |
| Action to quiet title |
| Limiting control over future use |
| Restraint on alienation |
| Rule against perpetuities |
| Rule in Shelley's Case |
| Doctrine of worthier title |
| Nonpossessory interest in land |
| Easement 路 Profit |
| Covenant running with the land |
| Equitable servitude |
| Related topics |
| Fixtures 路 Waste 路 Partition |
| Riparian water rights |
| Lateral and subjacent support |
| Assignment 路 Nemo dat |
| Other areas of the common law |
| Contract law 路 Tort law |
| Wills and trusts |
| Criminal Law 路 Evidence |
A mortgage is a method of using property (real or personal) as security for the performance of an obligation, usually the payment of a debt.
The term mortgage (from old French, lit. dead pledge) refers to the legal device used for this purpose, but it is also commonly used to refer to the debt secured by the mortgage, the mortgage loan.
In most jurisdictions mortgages are strongly associated with loans secured on real estate rather than other property (such as ships) and in some cases only land may be mortgaged. Arranging a mortgage is seen as the standard method by which individuals and businesses can purchase residential and commercial real estate without the need to pay the full value immediately. See mortgage loan for residential mortgage lending, and commercial mortgage for lending against commercial property.
In many countries it is normal for home purchases to be funded by a mortgage. In countries where the demand for home ownership is highest, strong domestic markets have developed, notably in Spain, the United Kingdom, and the United States.
Real estate investment loans can be obtained from savings banks and commercial banks, savings and loan associations, thrifts and loans, and from credit unions.
Traditional banks serve a very important role in the North American economy. Nevertheless, when it comes to a business loan, there are many reasons that small business owners should not always use a traditional bank, not least concerning the investment of commercial real estate.