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 Issuing second mortgages was especially popular during the housing bubble in the years before the Great Recession. —

Aksha Mittapalli, Better Homes & Gardens, 12 July 2024 For people who own their homes and have high-value jewelry items, these loans also may be less stressful than second mortgages, home equity lines of credit (HELOCs), or other loans that use a home as collateral. —

Ascend Agency, Orlando Sentinel, 8 July 2024 Zombie mortgages — which are effectively second mortgages that homeowners had thought were settled — can cause some serious problems, from retroactive interest and racked up late fees to debt collections and possible foreclosure. —

Becca Stanek, theweek, 4 July 2024 Home equity loans and lines of credit are second mortgages. —

Daniel De Visé, USA TODAY, 20 June 2024 See all Example Sentences for second mortgage

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

Time Traveler

The first known use of second mortgage was in 1912

See more words from the same year

Cite this Entry

Style

“Second mortgage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/second%20mortgage. Accessed 27 Jul. 2024.

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