Grant, as a mortgage, is a type of loan in which a borrower receives money from a lender to purchase a property. The lender holds the title to the property until the loan is paid off in full. The borrower then has the right to use the property as collateral for the loan. The lender will typically require the borrower to make regular payments on the loan, and if the borrower fails to do so, the lender can take possession of the property.