Mortgage in the form of a home loan

Mortgage, Well, my friend, I will discuss a little about mortgages, what I know about mortgages is a form of loan, well, for example, someone borrows money from a second party by making collateral in the form of goods, or property, well, we continue like this, my friend, the first party needs money that is really needed and then borrows from the second party, the first party provides goods or property as collateral, but depending on the period, for example, borrowing 100 million, with an agreement that if the loan of 100 million will be made interest, with a time limit, then if the first party is unable to pay or pay off the loan, the second party has the right to the property to become his goods if the first party is no longer able to pay off the loan, well, that's more or less like that.