A home loan and a mortgage loan are often used interchangeably, but there is a slight difference between the two. A home loan is a loan specifically designed to help borrowers purchase a home. A mortgage loan, on the other hand, is a loan that is secured against the borrower's property. While both types of loans may be used to purchase a home, a mortgage loan is typically used for refinancing or when the borrower already owns the property and wants to take a loan against it. Moratorium Finserv offers both home loans and mortgage loans, and it is important to understand the differences between the two before selecting a loan.