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Examples of second mortgage in a Sentence
Recent Examples on the Web
However, a second mortgage is the most typical way a vacation home is purchased and a fairly good indicator.
—Phillip Molnar, San Diego Union-Tribune, 15 May 2024
The partial claim second mortgage could be ignored until the house was sold, the mortgage was refinanced or the first mortgage was paid off, at which point the partial claim would have to be paid in full.
—Jon Healey, Los Angeles Times, 27 Mar. 2024
They’re treated as second mortgages, but require no payments of any kind until the home is refinanced, resold or its first mortgage paid off, at which point the state loan must be repaid in full.
—Jon Healey, Los Angeles Times, 20 Jan. 2024
According to her indictment, Mosby also failed to disclose the federal tax debt on a second mortgage application for a condo in Longboat Key.
—Alex Mann, Baltimore Sun, 16 Jan. 2024
Many of these loans are similar to second mortgages and commonly known as mezzanine loans.
—Konrad Putzier, WSJ, 13 Nov. 2023
Interest on other second mortgages, such as home-equity loans and Helocs, can sometimes qualify, too.
—Aly J. Yale, wsj.com, 12 Oct. 2023
But other California debts — credit card, auto, student loans, second mortgages, etc. — were $16,430 per person, the third-smallest of the 11 states and 6 percent below the US average of $17,432.
—Jonathan Lansner, San Diego Union-Tribune, 23 Sep. 2023
Also known as second mortgages, home-equity loans typically come with lower interest rates than debt-consolidation loans and credit cards, because your home is used as collateral.
—Kerri Anne Renzulli, wsj.com, 31 Oct. 2023
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
Dictionary Entries Near second mortgage
Cite this Entry
“Second mortgage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/second%20mortgage. Accessed 31 May. 2024.
Legal Definition
second mortgage
see mortgage
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