Is it better to get a loan or add to mortgage? The additional loan would be linked to your property, which you could lose if you weren't able to keep up your extra loan payments. Even though interest rates on mortgages are normally lower than rates on personal loans and much lower than credit cards you could end up paying far more in the longer term.
Which is better mortgage or home loan? Mortgage Guide Yes, it is. Since the interest rate for a home loan is lesser than a mortgage loan, a home loan is more af... more