When you compare personal loans and you may mortgage loans, it is important to comprehend the trick differences between both of these sort of financing. Here you will find the main products you to definitely set all of them apart:

1. Intent behind the borrowed funds: A personal loan can be used for many different purposes, such as for instance debt consolidation reduction, do it yourself, or crisis expenditures. Concurrently, a mortgage is actually specifically designed to own capital property buy. (más…)