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2nd Mortgage

Posted in: 2nd Mortgage

What is a 2nd mortgage


2nd mortgage refers typically to a secured loan that is subordinate to another loan against the same property. Second mortgages are subordinate because, if the loan goes into default, the first mortgage gets paid off first before the second mortgage.


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Taylor Mortgage Group, LLC

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CO  License:  100013875
NMLS: 385946
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