Mortgage is the agreement between the lender and the borrower in a property deal. A mortgagor is the borrower in the agreement who pledges his home for taking up a loan from the mortgagee or the lender. One of the fundamental legal rights of the mortgagor is the right to redeem. The natural owner of the property has the inherent right to re-transfer his property to anybody else. It is right of the mortgager to make the lease of the property whenever he desires for any purpose. It is his right to ascertain whether the property mortgaged is maintained properly or not. The mortgagor has the right to access into the property at any time.