Know the difference between Mortgage Loan and Home Loan

We all are familiar with the concept of home loan. However, not all of us are used to the concept of mortgage loan and what all it covers! There is a very thin line between home loan and mortgage loan, and thus, the confusion prevails! Let us unfold the concepts of mortgage and home loans. Mortgage Loans It is the type of loan where the applicant has to provide property or some other real estate piece as a collateral to acquire the loan amount. It is nothing but a lien…

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