Second Mortgage Definition

noun
An additional mortgage placed on property already mortgaged: it ranks below the first mortgage in priority of claim.
Webster's New World

Second Mortgage Sentence Examples

  • The other option is to take out a second mortgage on your holiday home.

  • You will seriously consider a second mortgage to take advantage of dog toy sales, or even worse, dog show entries.

  • Home equity loans work even if you have a second mortgage or no home equity.

  • You get the same thrill without having to take out a second mortgage.

  • So, if your existing mortgage balance is for $125,000, you may qualify to borrow $62,500 by taking out a second mortgage.

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Words Starting With

SSESEC

Words Ending With

EGEAGE

Unscrambles

second mortgage

Words Starting With S and Ending With E

Starts With S & Ends With EStarts With SE & Ends With EStarts With S & Ends With GE

Word Length

15 Letter Words15 Letter Words Starting With S15 Letter Words Ending With E