1. The first step is to have a lawyer create a basic mortgage deed for an immovable property.

2. Your mortgage document must contain every legal need and condition to prevent later legal issues.

3. Then, for the transfer to be legitimate, the mortgage deed must be registered in line with the applicable legislation.

4. Once the agreement is finalized, any necessary revisions must be made, and it must be printed on the stamp paper before being signed by both parties, the needed witnesses, and the agreement.

5. The value of the stamp paper varies according to the State in which it is used.

6. After that, each party shall retain a signed copy of this mortgage deed.

1. A mortgage deed is required when someone needs to give ownership of a property to someone else after borrowing money from them.

2. The essential mortgage agreement contains the responsibilities, conditions, and terms between the mortgagor and the mortgagee.

3. It identifies the parties to the deed, specifies the lender's rights, the extent of the interest and title in the property, the loan amount, and the interest rate, and it shows that the lender has acquired an interest in the property.