A Second-Mortgage is a type of secured loan that allows homeowners to borrow money using the available equity in their property while maintaining their existing first mortgage. This financial product is commonly used by individuals who need access to additional funds but do not want to refinance or break their current home loan. A Second-Mortgage sits behind the primary mortgage, meaning the first lender gets priority in the event of repayment or foreclosure. Despite this, second mortgages have grown in popularity due to their flexibility, fast approval times, and the ability to unlock property equity without disturbing existing loan arrangements.