Second Mortgage Solutions | Basic Finance Loans

Posted 2026-01-29 22:04:34

A Second-Mortgage is a type of home loan that allows homeowners to borrow additional funds using the equity remaining in their property while an existing first mortgage is still active. It is called a “second” mortgage because it sits behind the primary home loan in terms of repayment priority. This means the first lender is paid first in the event of a sale or default, and the second lender is paid afterwards.

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