Mortgage vs. Home Loan?
What are the benefits of a mortgage compared to a home loan? Because it seems like when all is said and done that if you a have a mortgage and a home loan of equal term, equal interest rates, and equal loan amounts then the home loan always seems to be about 200-300 less per month.
This information comes from several online mortgage calculators that I’ve found. My wife and I are just in the beginning stages of talking about purchasing our first home so we haven’t talked any actual realtors or loan officers yet. Are the tools reliable or do they tend to give unreliable quotes?
Who knows the link or what the current home loan rate is now for various banks to compare??? Looking to buy a home and want THE BEST rate possible with no money down on a 30 year fixed…Any suggestions???