The difference between monthly payment and mortgage

According to the query, the remittance column shows.

1, mortgage is a mortgage loan, which means a loan form for buying a new house, and a second-hand house loan is called a mortgage loan.

2. Monthly payment refers to monthly repayment after mortgage loan. If the loan is 8 years, you can choose to repay the loan in one lump sum after one year, which will be more favorable.

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