A loan secured by the equity in your home that is subordinate to your primary mortgage. When the property is sold, the primary lender is paid first, then the secondary lender. You receive any remaining proceeds. See Home Equity Loans, Home Equity Lines of Credit
Glossary
Second Mortgage
Your A‑to‑Z Glossary of Financial Terms
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- ACA
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c
- Call Option
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e
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- Face Value
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g
- GDP
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h
- Harry Markowitz
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i
- Illusion of Attention Bias
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j
- Joint and Survivor
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k
- Key Person Insurance
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l
- Lagging Indicator
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m
- Major Medical Insurance
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n
- Nasdaq
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o
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p
- Passive Income
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r
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s
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t
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u
- U.S. Securities and Exchange Commission
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v
- Value-Added Tax
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w
- Wages
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- Wealth Management Industry
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y
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z
- Zero-Coupon Bonds