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Examples of second mortgage in a Sentence
Recent Examples on the Web
Home equity loans and lines of credit are second mortgages.
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Daniel De Visé, USA TODAY, 20 June 2024
However, a second mortgage is the most typical way a vacation home is purchased and a fairly good indicator.
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Phillip Molnar, San Diego Union-Tribune, 15 May 2024
The partial claim second mortgage could be ignored until the house was sold, the mortgage was refinanced or the first mortgage was paid off, at which point the partial claim would have to be paid in full.
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Jon Healey, Los Angeles Times, 27 Mar. 2024
They’re treated as second mortgages, but require no payments of any kind until the home is refinanced, resold or its first mortgage paid off, at which point the state loan must be repaid in full.
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Jon Healey, Los Angeles Times, 20 Jan. 2024
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These examples are programmatically compiled from various online sources to illustrate current usage of the word 'second mortgage.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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 7 Jul. 2024.
Legal Definition
second mortgage
see mortgage
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