he lender will regularly be a financial institution, such as a bank, credit association or building society, contingent upon the nation concerned, and the loan arrangements can be made either straightforwardly or in a roundabout way through intermediaries. Other aspects that characterize a specific mortgage market might be territorial, historical, or driven by specific characteristics of the legal or financial system. Over this period the central segment of the loan (the original loan) would be slowly settled through amortization. By and by, numerous variants are possible and regular worldwide and inside every nation. The loan is "secured" on the borrower's property through a process known as mortgage origination. Therefore, a mortgage is an encumbrance (constraint) on the privilege to the property just as an easement would be, but since most mortgages happen as a condition for new loan cash, the word mortgage has become the conventional term for a loan secured by such real property.