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What is the Difference Between a Home Loan and Mortgage Refinancing?

keywords: home loan vs. mortgage, home loan vs. refinancing


A home loan is one of the most common types of loans that are given to those who want to purchase a home.


A mortgage, on the other hand, is the borrowing of money from a lending institution in order to purchase property.


The main difference between these two types of loans is that a home loan will require you to pay back the money over time, whereas when you refinance your mortgage at https://mortgagerefinancecalgary.ca, you will have to pay back all the money in one lump sum.

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