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What is the difference between a mortgage and a loan?

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A mortgage and a loan are both forms of borrowing money, but they differ in purpose, terms, and collateral requirements. A loan is a broad term that refers to borrowed money that a borrower must repay with interest. Loans can be secured (backed by collateral, like a car or property) or unsecured (not backed by any asset, relying on the borrower’s creditworthiness). Personal loans, ... https://mortgageloanapplyonline.com/

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