second mortgage
noun
: a mortgage the lien of which is subordinate to that of a first mortgage
Example Sentences
Recent Examples on the Web First, increase funding for rental assistance to keep people in their homes with dedicated funding by removing the second mortgage deduction and capping the first mortgage deduction. 
Jamie Goldberg, oregonlive, 19 Apr. 2022 Thanks to the $1 million grant, each family in the program can receive up to $90,000 in a second mortgage loan that is forgivable after ten years. Ko Lyn Cheang, The Indianapolis Star, 4 Mar. 2022 The woman paid the man several times, and even opened a second mortgage to continue providing the man with money. cleveland, 21 Jan. 2022 That wasn't doable then for Upslope, a business whose startup funds came from the second mortgage of Cutter's house. Alicia Wallace, CNN, 27 Nov. 2021 Glover has had to take out a second mortgage on his home, and took out a personal loan to make payroll at The Lodge and keep it operating, Pearson said. Brad Schrade, ajc, 24 Nov. 2019 The most common are second mortgage loans from state and local governments, and have low or zero interest rates. Washington Post, 27 Sep. 2021 For those unfamiliar, shared equity homes refer to those in which lenders provide a second mortgage to the homeowner in return for sharing any profits when the home is later sold. Norbert Michel, Forbes, 17 Sep. 2021 The rules state any bike used in competition must be made available to the public, but the price tags could require a second mortgage on your house. Dave Skretta, ajc, 3 Aug. 2021 See More
Jamie Goldberg, oregonlive, 19 Apr. 2022 Thanks to the $1 million grant, each family in the program can receive up to $90,000 in a second mortgage loan that is forgivable after ten years. Ko Lyn Cheang, The Indianapolis Star, 4 Mar. 2022 The woman paid the man several times, and even opened a second mortgage to continue providing the man with money. cleveland, 21 Jan. 2022 That wasn't doable then for Upslope, a business whose startup funds came from the second mortgage of Cutter's house. Alicia Wallace, CNN, 27 Nov. 2021 Glover has had to take out a second mortgage on his home, and took out a personal loan to make payroll at The Lodge and keep it operating, Pearson said. Brad Schrade, ajc, 24 Nov. 2019 The most common are second mortgage loans from state and local governments, and have low or zero interest rates. Washington Post, 27 Sep. 2021 For those unfamiliar, shared equity homes refer to those in which lenders provide a second mortgage to the homeowner in return for sharing any profits when the home is later sold. Norbert Michel, Forbes, 17 Sep. 2021 The rules state any bike used in competition must be made available to the public, but the price tags could require a second mortgage on your house. Dave Skretta, ajc, 3 Aug. 2021 See More Word History
First Known Use
1912, in the meaning defined above
Legal Definition
second mortgage
see mortgage
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