Granting a mortgage is a process in which a lender provides a LOAN to a borrower to purchase a property. The LOAN is secured by the property itself, meaning that if the borrower fails to make payments, the lender can take possession of the property. In order to grant a mortgage, the lender must first assess the borrower's creditworthiness and ability to repay the LOAN. Once approved, the lender will then LEND the money to the borrower and the borrower will use it to purchase the property. The LOAN is typically repaid over a period of time with interest.