Synonyms

second mortgage

American

noun

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

second mortgage British

noun

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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Etymology

Origin of second mortgage

First recorded in 1900–05

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

They used crowdfunding and took out a second mortgage on their home to scrape together $100,000 to pay for the procedure, setting $55,000 aside in what they thought was a safe escrow account.

From The Wall Street Journal • Oct. 22, 2025

And I had to have a second mortgage on my house to guarantee the show to go into that building.

From MarketWatch • Oct. 10, 2025

Most recently, season 17 contestant Lexi Love said she took out a second mortgage to pay for her outfits for the show.

From Salon • Jun. 3, 2025

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 • Dec. 17, 2023

A big source of its growth had been the second mortgage.

From "The Big Short" by Michael Lewis

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023