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Definitions

second mortgage



Example Sentences

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It might well be a smarter move to take out a second mortgage and tap the home equity.

From The Wall Street Journal May 29, 2026

Another said their flat was "unmortgageable and therefore unsaleable" because of the high ground rent, which meant they had to delay starting a family as they could not afford a second mortgage.

From BBC May 26, 2026

The most common type of down-payment assistance, according to Down Payment Resource, is a second mortgage, or piggyback loan, which has grown in popularity as affordability has challenged home buyers.

From MarketWatch Jan. 31, 2026

Last year, Zeldin and his wife obtained a second mortgage, for $712,500, on a property in Washington, D.C., a short walk from the EPA’s headquarters.

From Salon Sep. 6, 2025

A big source of its growth had been the second mortgage.

From "The Big Short" by Michael Lewis




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