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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
However, there was an increase in second mortgages and home equity lines of credit. Quartz Intelligence Newsroom, Quartz, 12 Feb. 2025 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 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 21 Feb. 2025.

Legal Definition

second mortgage

see mortgage

Last Updated: - Updated example sentences
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