Determining the value of the property is a key factor in mortgage lending. Mortgage is a charge against immovable property like house and property. These days there are many financial institutions that come forward to help individuals buy immovable assets. A Mortgage is the transfer of the interest in a specific immovable property by one person to another for the purpose of securing an advance of money. The property mortgaged would be handed back to the owner upon repayment of the loan amount. An interest is charged for the loan amount by the lender. In case of non-repayment of the loan, the lender has the right to sell the property mortgaged and get back his dues.