“Housing & Mortgage Loan” typically refers to loans provided by financial institutions, such as banks or mortgage lenders, to individuals or families for the purpose of purchasing or refinancing residential properties.

Housing Loan: This type of loan is specifically designed to finance the purchase of a home or residential property.

Mortgage Loan: A mortgage loan is a specific type of loan used to finance the purchase of real estate, where the property itself serves as collateral for the loan. In other words, if the borrower fails to repay the loan according to the terms of the mortgage agreement, the lender has the right to seize the property through a legal process called foreclosure.