Second Mortgage

Second Mortgage - Politics, Business, Civil, History - Posted: 10th Jun, 2013 - 4:54pm

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Post Date: 15th Jan, 2010 - 6:57pm / Post ID: #

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Second Mortgage

Second mortgage

In Real Estate terminology how do you define what "Second mortgage" mean exactly?

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21st Jan, 2010 - 11:01pm / Post ID: #
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Mortgage Second

I have the impression I replied to this same question before, anyhow it's a mortgage that it's subordinate to the first mortgage.


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10th Jun, 2013 - 4:54pm / Post ID: #
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Second Mortgage History & Civil Business Politics

For my answer its when you have a mortgage and then in the process of paying it off you decide to refinance everything and essentially take out a second mortgage that sort of pays off the first and you start new with a different rate.


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