A mortgage is a loan of money used to buy property.
What is the purpose of mortgage?
The main purpose of mortgage is to make the charging of property by a debtor to a creditor as security for a debt, especially one incurred by the purchase of the property.
Mortgage purpose is to help someone to have a property in an installment mode of payment. Mortgage is a legal document that pledges a property to the lender as security for payment of a debt.