second mortgage

noun

: a mortgage the lien of which is subordinate to that of a first mortgage

Examples of second mortgage in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The survey pointed to the measures people are willing to take to save their businesses as inflation and rising costs force SMB owners to make difficult decisions, including going into credit card debt or even putting a second mortgage on their homes. Petr Marek, Forbes, 2 Jan. 2025 The 300-level standing-room-only patrons would like to know if taking out a second mortgage on their house will be necessary. Mark Lazerus, The Athletic, 29 July 2024 The house itself was valued at $1.1 million and the Department of Housing Preservation covered the rest of the purchase price in the form of a second mortgage. Celia Fernandez, CNBC, 29 Dec. 2024 What’s the difference between refinancing and a second mortgage? Kelsey Neubauer, CNBC, 23 Dec. 2024 See all Example Sentences for second mortgage 

Word History

First Known Use

1912, in the meaning defined above

Time Traveler
The first known use of second mortgage was in 1912

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 18 Jan. 2025.

Legal Definition

second mortgage

see mortgage

Last Updated: - Updated example sentences
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