Need A Financial Product › Forums › Loans › Difference between equity home loan and mortgage home loan › Difference-between-equity-home-loan-and-mortgage-home-loan_REPLY
November 17, 2014 at 6:07 pm
#48475
samkapoor77Keymaster
When you mortgage a property that is already there on your loan, it is called as equity home loan. Mortgage home loan is the normal housing loan which we talk in general. Logically, you cannot borrow equity home loan for purchasing first house.