Which is better mortgage or home loan? Yes, it is. Since the interest rate for a home loan is lesser than a mortgage loan, a home loan is more affordable than mortgage. ... The most common home mortgage is the loan against property (LAP), which is the funding given against the borrower's property.
Can you take out a mortgage on a house you own? Mortgage Guide A house that is owned free and clear can still be refinanced. ... In a traditional cash-out refin... more
