"second mortgage." YourDictionary, n.d. Web. 21 October 2018. <http://www.yourdictionary.com/second-mortgage>.
second mortgage. (n.d.). Retrieved October 21st, 2018, from http://www.yourdictionary.com/second-mortgage
second mortgage - Investment & Finance Definition
mortgage on real estate that already has a first mortgage on it. In the event
that the borrower defaults on payment, the original mortgage will be paid first
out of any liquidation proceeds. A second mortgage may be an equity line of