second mortgage

noun

: a mortgage the lien of which is subordinate to that of a first mortgage

Examples of second mortgage in a Sentence

Recent Examples on the Web
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The loans would act as second mortgages paid for by the buyers of the home. Stephen Hobbs, Sacbee.com, 4 Feb. 2026 And in Indianapolis, the EdgeFund offers second mortgages of up to 30% of the purchase price at 0% in some area counties and 2% in others. Miami Herald, 15 Jan. 2026 At the end of seven years (or earlier) the home was refinanced to pay off the second mortgage. Jay Reddick, The Orlando Sentinel, 11 Jan. 2026 Helen Liu and Jonathan Guan, who are listed as being based in Los Altos, have provided the property with a second mortgage that totals $910,000. George Avalos, Mercury News, 8 Jan. 2026 See All Example Sentences for second mortgage

Word History

First Known Use

1912, in the meaning defined above

Time Traveler
The first known use of second mortgage was in 1912

Browse Nearby Words

Cite this Entry

“Second mortgage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/second%20mortgage. Accessed 14 Feb. 2026.

Legal Definition

second mortgage

see mortgage

Last Updated: - Updated example sentences
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