Couples whose houses are mortgaged by both parties can cash out, which is mutual. If both husband and wife * * * own a house and * * * mortgage it together, then they can cash out the house together. This means that both husband and wife share the responsibility of mortgage loan, and can enjoy cash-out funds according to the loan contract. Mortgage refers to a way to use property or assets as a loan guarantee. Mortgage means that the borrower transfers his property, vehicles or other valuable items to the lender as a guarantee. When the borrower fails to repay the loan on time, the lender has the right to repay the debt by selling or transferring the collateral.