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.
The plan would require borrowers to cover the cost difference between the new home and the old one, which could mean a second mortgage. David Goldman, CNN Money, 14 Nov. 2025 Both refinancings were second mortgages, The New York Times reported in July 2019. Tom Huddleston Jr., CNBC, 13 Nov. 2025 The second mortgage was obtained through a friend of a friend who rushed it for them, as people can do in the wealthier suburbs. Literary Hub, 16 Oct. 2025 Borrowers must repay their second mortgage if the home is sold or refinanced within 15 years. George Skelton, Mercury News, 2 Oct. 2025 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

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Cite this Entry

“Second mortgage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/second%20mortgage. Accessed 16 Nov. 2025.

Legal Definition

second mortgage

see mortgage

Last Updated: - Updated example sentences
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