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

She was forced to take out a second line of credit — a home-equity loan, or second mortgage — which cost another $700 per month. — Santul Nerkar, New York Times, 20 July 2026

Youth clubs were in their infancy and didn’t require a second mortgage to join. — Mark Zeigler, San Diego Union-Tribune, 9 June 2026

Finance of America is available in all 50 states, while GoodLife is only available in 38 states and offers a second mortgage product, while GoodLife does not. — Kelsey Neubauer, CNBC, 21 May 2026

This second mortgage is forgiven in increments of 20% per year over a five-year term. — Jp Shaffer, Miami Herald, 20 May 2026

Word History

First Known Use

1912, in the meaning defined above

Legal Definition

second mortgage

see also:

mortgage