A mortgage on real estate which has already been pledged as collateral for an earlier mortgage. The second mortgage carries rights which are subordinate to those of the first.
Related information about second mortgage:
- Second mortgage - Wikipedia, the free encyclopedia
A second mortgage typically refers to a secured loan (or mortgage) that is subordinate to another loan against the same property. Second mortgages are ...
- Second Mortgages - Advantages and Disadvantages - How Second ...
When you need money, sometimes a second mortgage is the answer. Second mortgages serve a variety of purposes, and are described with various names.
- Second Mortgage, 2nd Mortgage Loan, Refinance Second - Zillow
Second mortgage definition including types of second mortgages, tips for when to get a 2nd mortgage, and second mortgage interest rates.
- Second Mortgage | 2nd Mortgage Rates & Refinance Loans
Request today's best second mortgage rate quotes. Find more information about refinancing 2nd mortgages and utilize the calculator to figure out your monthly ...
- Second Mortgage Definition | Investopedia
A type of subordinate mortgage made while an original mortgage is still in effect. In the event of default, the original mortgage would receive all proceeds from ...
- Second Mortgage Versus Home Equity Loan - Mortgage Professor
Jun 9, 2003 ... "What are the differences between a second mortgage and a home equity loan?" The terminology is confusing. A second mortgage is any loan ...
- What Does Taking Out a Second Mortgage Mean? | Home Guides ...
Taking out a second mortgage means getting another loan--in addition to your original mortgage--that uses your home as collateral. Because your house is on ...
- Second-Mortgage Misery - The Wall Street Journal
Jun 7, 2011 ... Almost 40% of homeowners who took out second mortgages are underwater on their loans, more than twice the rate of owners who didn't ...