Registered mortgage on title as a means of asset protection?

Hello,

Has anyone taken out a mortgage / loan / line of credit against their property for the sole purpose of additional asset protection?

From my understanding a registered mortgage on title is another hoop creditors need to jump through in terms of paperwork when chasing your assets, so it provides an extra layer of protection.

Are there any specific lenders that cater for this?

How do you explain yourself when asked by the lender what the reason for the loan is? As I don’t think ‘asset protection’ will fly.

Note; QLD.

Cheers!