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second mortgage

NOUN
  1. a mortgage that is subordinate to a first mortgage

How To Use second mortgage In A Sentence

  • It was a curiosity that it was the second mortgagee who, in fact, produced the certificate of title to enable the registration of the mortgage.
  • It is of some interest perhaps that in the defence filed one of the grounds on which the lease is said to have been null and void is that it contained the consent of the second mortgagee.
  • Many middle class families that took out second mortgages during the '90s refi craze are now skating on thin ice. The average American family saw its credit card debt rise 53 percent during the '90s.
  • The dreamer awakes and takes out a second mortgage and we all live happily ever after.
  • They say she was beset by stress and health problems after being left with no option but to take out a second mortgage for the stone-cladding repairs to make her home compliant with the Home Energy Conservation Act in Ramsgate, Kent. Killed in a good cause
  • Usually, therefore, the second mortgagee persuades the first mortgagee to obtain repayment on the same occasion.
  • He discovered she had plundered his bank accounts, taken a second mortgage on his home and run up thousands in debt on credit cards in his name. The Sun
  • In the wife's words she lived in a world of unpaid bills, bailiffs at the door and second mortgages.
  • You have to get a second mortgage in order to buy a small box of chocolates.
  • Purchase or rate and term refinance (no cash out and you're not paying a second mortgage / home equity loan that your obtained after your bought your home-that's considered "cash out"). Rain City Guide
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