2ndLienLoan.com
About 2ndLienLoan.com
What is a 2nd mortgage? A 2nd mortgage is a secured loan where the borrower provides a kind of asset (goods, eg vehicles) as collateral for the loan. This is possible because a property can have multiple loans in it. First Mortgage is a mortgage that is registered for the first time with the county or city registry. The mortgage is recorded after the One is called a second mortgage. Second mortgage is often referred to as a subordinated loan.
