In the complex world of real estate and property ownership, the terms “mortgage” and “home loan” are often used interchangeably, causing confusion for many individuals. However, it is crucial to distinguish between the two and comprehend the intricacies associated with these financial instruments. This comprehensive guide aims to unravel the mysteries of mortgages, shed light on the concept of home loans, and empower readers with the knowledge needed to navigate the multifaceted landscape of homeownership. I. What is a Mortgage? At its essence, a mortgage serves as a financial agreement enabling individuals to purchase real estate by borrowing money from…