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second mortgage
(redirected from second mortgages)

    Also found in: Financial, Wikipedia 0.01 sec.
second mortgage
n.
A mortgage taken out on property that already has one mortgage, with priority in settlement of claims given to the earlier mortgage.
second mortgage
n
(Economics, Accounting & Finance / Banking & Finance) a mortgage incurred after a first mortgage and having second claim against the security
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.second mortgage - a mortgage that is subordinate to a first mortgage
mortgage - a conditional conveyance of property as security for the repayment of a loan
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Second mortgages are useful when you want to concentrate on paying off the primary mortgage on your Miami luxury home.
Effects of Defaulting on Miami Luxury Homes' Second Mortgage by Mark Michael Ferrer / Real estate industry community
Types of Bad Credit Second Mortgages Just like a second mortgage for people with good credit, you have two choices: * Home equity loan * Home equity line of credit Both loans are determined based on the amount of equity that you have built up on your home -- the amount that you still owe on your mortgage subtracted from the total value of your home.
Find the Best Bad Credit Second Mortgage by Brad Stroh / Finance and Investment community
However, record low interest rates and a competitive lenders marketplace have created a lending environment where some lenders are approving second mortgages that, when combined with first mortgage balance, is totaling as high as 130% of the home value.
Understanding A Second Mortgage by Hana Lee / Health care industry community
 
 
 
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