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 bill amends the National Housing Act to authorize FHA insurance for second mortgages used to build accessory dwelling units. Mike Winters, CNBC, 24 July 2025 Second Mortgage: This program provides $10,000 for a down payment or closing costs with a 3%, 15-year, fully amortizing second mortgage. Jp Shaffer updated July 3, Miami Herald, 3 July 2025 The story featured a Florida couple who took out a second mortgage on their home in 2023 to pay him $80,000 in legal fees for a lawsuit against the landlord of their go-kart racing track. Jay Weaver, Miami Herald, 25 June 2025 Some programs offer grants, which don’t need to be repaid, but most offer help in the form of a low- or no-interest second mortgage, meaning there is additional debt on the home. Ann Carrns, New York Times, 17 Jan. 2025 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

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Cite this Entry

“Second mortgage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/second%20mortgage. Accessed 29 Jul. 2025.

Legal Definition

second mortgage

see mortgage

Last Updated: - Updated example sentences
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