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Examples of second mortgage in a Sentence
Recent Examples on the Web
The minimum down payment ratio for first and second mortgages was reduced by 15%.
—Brendan Ahern, Forbes, 24 Sep. 2024
Benefits like these remain out of reach for most U.S. workers, millions of whom drain savings, take out second mortgages, or cut back on food and other essentials to stay ahead of health care debt.
—Noam Levey, NPR, 17 Sep. 2024
Alternatively, a home equity loan is a type of second mortgage, which allows borrowers to pull cash while using the house as collateral.
—Jessica Dickler, CNBC, 11 Sep. 2024
Simmons took out a second mortgage in 2014 to help make ends meet.
—Josh Peña, CBS News, 24 July 2024
See all Example Sentences for second mortgage
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Word History
First Known Use
1912, in the meaning defined above
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 5 Nov. 2024.
Legal Definition
second mortgage
see mortgage
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