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Definitions from the WebTerm: Second MortgagePart of Speech: NounSense: A type of loan secured by using your home as collateral, which is subordinate to the first mortgage on the property. Usage: Many homeowners choose to take out a second mortgage to access the equity in their property. Example Sentence: I decided to apply for a second mortgage to finance the renovations on my house. Search for related products on AmazonPart of Speech: AdjectiveSense: Relating to or associated with a second mortgage. Usage: The bank offers special interest rates for second mortgage loans. Example Sentence: We completed the necessary paperwork for the second mortgage application. Search for related products on Amazon | ||||
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