# NFT Mortgage: Explained

### What is a Mortgage?

A mortgage is an innovation of JewelSwap, allowing you to buy your favorite NFTs, without having **the total value** of the required price.

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### How does it work?

NFT Mortgages are actually quite similar to [NFT Loans](/multiversx/nft-loan-modules/nft-loans-explained.md#example). Let's look into how it works.

Let's say you want to purchase an NFT that costs 6 EGLD on the open market.\
But you only have 3 EGLD available right now.

With NFT Mortgages, **you can borrow the 3 EGLD shortfall** from the [NFT EGLD-lending pool](/multiversx/nft-loan-modules/lending-for-nfts-explained.md) on JewelSwap and **buy the NFT now**.\
The user selects a payment plan based on the [Interest Plans](/multiversx/nft-loan-modules/nfts-interest-plans.md) and can open a Mortgage on the NFT.

**Now you can see, why this is similar to the NFT Loans**: The user now has a position of 3 EGLD debt (50% of the NFT's value) and the NFT is held as collateral on the platform. This is the same situation as if the user would have opened a 3 EGLD borrow against his NFT.

In case the [Health Factor](/multiversx/nft-loan-modules/nfts-liquidation.md#health-factor-hf) would worsen a lot or the user would miss the interest payments, the Mortgage would get [Liquidated](/multiversx/nft-loan-modules/nfts-liquidation.md).

**Only NFTs from verified collections can be used for NFT Loans and NFT Mortgage.**\
The currently available collections can be found on the [NFT Borrow section](https://app.jewelswap.io/borrow) and the [NFT Mortgage section](https://app.jewelswap.io/mortgage) respectively.

[**Start buying NFTs now and paying later**](https://app.jewelswap.io/mortgage)


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