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What is another word for second mortgage?

Pronunciation: [sˈɛkənd mˈɔːɡɪd͡ʒ] (IPA)

A second mortgage, also known as a home equity loan, can provide homeowners with the financial resources they need to complete home improvements or make other investments. There are several different terms that can be used to describe a second mortgage, including a home equity installment loan, a collateral loan, or a subordinate mortgage. Regardless of the term used, this type of loan is secured by the borrower's home and offers a fixed interest rate and predictable monthly payments. It's important for homeowners to carefully consider the terms of their second mortgage before agreeing to the loan, as these loans can have significant long-term implications for their financial health.
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Synonyms for Second mortgage:

What are the hypernyms for Second mortgage?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the hyponyms for Second mortgage?

Hyponyms are more specific words categorized under a broader term, known as a hypernym.

  • hyponyms for second mortgage (as nouns)

Famous quotes with Second mortgage

  • Ten percent is a premium you pay a surety company, or bail bondsman, Coffey said. To get a bond in almost all cases you have to be able to fully collateralize that $150,000, meaning that either George Zimmerman or his parents have to come up with a $150,000 second mortgage on their house or from a bank. The bonding company is not a charity. They stand to lose the money. They have more than just fugitive hunters [to track down a defendant who flees.] They get collateral up front.
    Kendall Coffey

Related words: second mortgage calculator, can you get a second mortgage with bad credit, best rates for second mortgages, why do people get second mortgages, second mortgage vs home equity loan, how to manage your second mortgage

Related questions:

  • How is the new tax bill going to affect my second mortgage?
  • What is a home equity loan vs second mortgage?

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