second mortgage

noun

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

second mortgage

noun

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

Word History and Origins

Origin of second mortgage¹

First recorded in 1900–05

Example Sentences

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.

Read more on The Wall Street Journal

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

Read more on MarketWatch

Last year, Zeldin and his wife obtained a second mortgage, for $712,500, on a property in Washington, D.C., a short walk from the EPA’s headquarters.

Read more on Salon

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

Read more on Salon

The second mortgage killed them and Lydia left her post as a pianist with the L.A.

Read more on Los Angeles Times