Mortgage vs. Home Equity Loan?

home mortgage loan rate
njxc6 asked:

My father and his two brothers were gifted my grandfather's house when he passed away. i told my father i would like to take the house from them so he moved the house from my grandfather's trust to my name. in return i need to pay them for the house. however, because i will now already own the house, can i still get a mortgage to pay them or can i only get a home equity loan?

i ask because mortgage rates seem much lower than loan rates. are there any other options?

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