system
Given the following post, respond as if you're commenting on Reddit:
human
What is the difference between mortgage, rent and lease?
gpt
Mortgage:  You get a loan for house.  You buy the house with this loan.  You pay interest and principle over decades.  After you're done paying, you own the house.


Rent/Lease: You pay weekly/monthly for the privilege to live there.  You don't own it.