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Mortgage Definition: Subordination | Zillow Blog
Oct 12, 2010 . In plain English: getting a subordination completed by the lender who holds the second mortgage means that the lender agrees to have their .

What is second mortgage? - BusinessDictionary.com
Definition of second mortgage: Loan secured by the home owner's equity (market value of the property less balance on the first mortgage) in a property that is .

What Does Taking Out a Second Mortgage Mean? | Home Guides ...
Taking out a second mortgage means getting another loan--in addition to your original mortgage--that uses your home as collateral. Because your house is on .


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Silent Second Mortgages - The Mortgage Professor
The smaller of the frauds arises when the second mortgage replaces part or all of a . This means that the seller has an unsecured loan until the transaction is .

What is a second mortgage loan or "junior-lien"? - Consumer ...
Mar 22, 2012 . Some second mortgages are “open-end” (meaning you can continue to take cash out up to the maximum credit amount and, as you pay down .

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  • What Does Carry a Second Mortgage Mean? | eHow.com
    What Does Carry a Second Mortgage Mean?. To carry a second mortgage means that you have used the equity in your home to get another secured loan .

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Definition of a Purchase Money Mortgage - Budgeting Money
. a "purchase money mortgage" means what it appears to describe -- a loan that . purchase price or offer to "take back" a purchase money second mortgage.

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    1. Stand Alone Second Mortgage Definition | eHow.com
      Stand Alone Second Mortgage Definition. A stand alone second mortgage is a type of second mortgage funded separately from the purchase or refinance .

      Silent Second Mortgage Definition | Investopedia
      A secondary mortgage placed on an asset that is not disclosed to the lender of the original loan. Silent second mortgages are used when a purchaser can't .

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