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Examples of second mortgage in a Sentence
Recent Examples on the Web
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
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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 18 Jan. 2025.
Legal Definition
second mortgage
see mortgage
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