<human>:  What is the difference between a mortgage and a loan?
<bot>: The main difference between a mortgage and a loan is the length of repayment. A mortgage is typically a long-term loan that is secured by a piece of property, generally a home, and has regular payments over a set period of time. Loans, on the other hand, can be either long-term or short-term and generally have a single lump sum paid back with interest.