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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Stop reading, take out a second mortgage and go buy one now! Mark Gauert, Sun Sentinel, 4 Feb. 2025 Examples of Down Payment Assistance Programs Several popular down payment assistance programs include: Chenoa Fund: Provides down payment assistance through second mortgages on conventional and FHA loans. Michael Gfoeller and David H. Rundell, Newsweek, 15 Jan. 2025 Home equity loans and HELOCs are common forms of second mortgages. Kelsey Neubauer, CNBC, 23 Dec. 2024 The survey pointed to the measures people are willing to take to save their businesses as inflation and rising costs force SMB owners to make difficult decisions, including going into credit card debt or even putting a second mortgage on their homes. Petr Marek, Forbes, 2 Jan. 2025 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

Dictionary Entries Near second mortgage

Cite this Entry

“Second mortgage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/second%20mortgage. Accessed 12 Feb. 2025.

Legal Definition

second mortgage

see mortgage

Last Updated: - Updated example sentences
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