home mortgage

loan against property

How is Home Finance different from Home Mortgage?

At its basic, Home Finance (also known as Home Loan) refers to the financial assistance taken from a bank or any financial institution (lender) to buy or construct a house; whereas Home Mortgage (also called as Loan Against Property or LAP) refers to financial assistance taken against a house or an immovable property for any use, as per the requirement of the borrower.  Understanding Home Finance...

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