Mortgages in Kuwes refer to the debt instrument that is secured by the collateral on real estate. It is basically an instrument that is secured through the borrower’s property. Most mortgage borrowers are individuals who mortgage their residential properties to banks or building societies to raise a necessary loan. There are various forms of mortgages such fixed-rate loans, adjustable-rate loans, interest-only mortgages and payment-option adjustable-rate loans. In case where a mortgage has not been paid, the lender is under legal right to evict the inhabitants of the property under mortgage, and auction the property off to raise the loan amount.