Q:

What is a second mortgage

Answer

A second mortgage is a mortgage you receive after taking equity out of your home.

Categorized In: Real Estate , Relationships & Dating

Source: ChaCha Mobile Answers | autoguides.chacha.com

Oct 15 2009, 10:13pm

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More ChaCha Answers (1)

A second mortgage typically refers to a secured loan (or mortgage) that is subordinate to another loan against the same property.

Mar 06 2009, 01:02pm | Source: Second mortgage - Wikipedia, the free encyclopedia | en.wikipedia.org