second mortgage

noun

1. a mortgage the lien of which is next in priority to a first mortgage.

second mortgage

noun

1. a mortgage incurred after a first mortgage and having second claim against the security

Word History and Origins

Origin of second mortgage¹

First recorded in 1900–05

Example Sentences

Her father, a machinist originally from Appalachia, gave her $1 for every poem she memorized, put a second mortgage on the family home to pay her college costs and wept at her graduation.

From Los Angeles Times

The jury announced a split verdict Tuesday evening after deliberating most of the day, finding Mosby not guilty on a second mortgage fraud charge, The Baltimore Sun reported.

From Seattle Times

They’re treated as second mortgages, but require no payments of any kind until the home is refinanced, resold or its first mortgage paid off, at which point the state loan must be repaid in full.

From Los Angeles Times

By the time the lawsuit settled, Enstad had already moved forward with top surgery, which his family funded by getting a second mortgage and dipping into his college funds.

From Seattle Times

When you have this type of debt, you are required to satisfy the first mortgage as well as any second mortgages or liens before you are able to sell your home.

From Encyclopedia.com