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Detail information for: Second mortgage information |
| ID: | 8589 |
| Title: | Second mortgage information - http://www.rate4mortgage.com |
| Pagerank: | N/A |
| Description: | A second mortgage typically refers to a mortgage that is subordinate to another mortgage against the same property. If the loan goes into default, the first mortgage gets paid off first before the second mortgage gets any money. Thus, second mortgages are riskier for the lender, who generally charges a higher interest rate. |
| Category: | |
| Link Owner: | zebra |
| Date Added: | October 01, 2007 11:28:01 AM |
| Number Hits: | 0 |
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