second mortgage

Frequency: 6.28.0 per million words

an additional loan taken out on a property that already has a mortgage

mortgageADJECTIVE + mortgage

Categories:

second

Examples (10)

  • He raised the money by taking out a second mortgage on his house.
  • We'll have to take out a second mortgage to pay for this wedding!
  • They secured a second mortgage to finance their child's education.
  • Getting a second mortgage can be risky if not managed carefully.
  • The bank approved her application for a second mortgage despite her low credit score.
  • Many homeowners consider a second mortgage for home improvements.
  • Interest rates on a second mortgage are typically higher than a first.
  • She used a second mortgage to consolidate her debts.
  • A second mortgage uses your home equity as collateral.
  • Before applying for a second mortgage, always consult a financial advisor.