Definition of second mortgage in English:

second mortgage

Syllabification: sec·ond mort·gage

noun

A mortgage taken out on a property that is already mortgaged.
More example sentences
  • What struck me was the number of people whose home was under threat from a second mortgage or secured loan.
  • Junior loans, such as second mortgages, are wiped out upon foreclosure of any previously established loan.
  • To raise that amount of money, people generally take out second mortgages on their homes or go to friends and relatives.

Definition of second mortgage in:

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