second mortgage

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Related to second mortgage: Home Equity Line of Credit

second mortgage

A mortgage taken out on property that already has one mortgage, with priority in settlement of claims given to the earlier mortgage.

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

second mortgage

(Banking & Finance) a mortgage incurred after a first mortgage and having second claim against the security

Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

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Noun

second mortgage - a mortgage that is subordinate to a first mortgage

mortgage - a conditional conveyance of property as security for the repayment of a loan

Translations

ipoteca di secondo grado

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Summary: Here are some cases where a second mortgage is a favourable option

The best time to get a second mortgage

Calculator 3b is for borrowers who have both a first and a second mortgage that will be refinanced into a single new mortgage.

Refinance answers are available using online calculators

TD Bank's capital allows NeighborWorks to provide down payments or second mortgage loans to local home buyers.

TD Bank's group closes credit line

* Through an affiliate entity, Brick provided a second mortgage in the amount of $4,000,000 to a private real estate owner.

Brick Capital Partners LLC

The Western District ruled April 24 that plaintiffs bringing a suit under the Missouri Second Mortgage Loan Act had six years to file their claims, not three.

Missouri court says 8th Circuit used wrong limit on bank-fee suit

Brokers make affordability checks before you sign a second mortgage but lenders are really interested in the value of your property rather than your employment status or credit rating.

CHARGING ON INTO A SECOND MORTGAGE?

Around 200,000 people have a second mortgage, borrowing an average of PS46,000 each, according to the Finance & Leasing Association.

Cash point

It offers first and second mortgages; loans for homeowners; first and second mortgage refinancing; and retail financing solutions to retailers in Canada.

Citi to Sell CitiFinancial Canada Mortgage Firm to Investor Group

LBHI sold the first mortgage to SASCO and the second mortgage to CitiMortgage.

In Florida, the statute of limitations for negligence attaches when party knew or should have known appraisal misrepresented value of the property

Both the bank card and second mortgage saw their default rates increase; the bank card rate was 2.84% and the second mortgage posted 0.63% in April 2014.

US credit default rates reach post-recession low during April

"Our analysis supports the assertion that, historically, loans with mortgage insurance have been associated with lower rates of delinquency or default when compared to non-insured first-mortgage loans with a piggyback second mortgage," said Eugene Ludwig, founder and chief executive officer of Promontory.