junior mortgage

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Related to second mortgage: Home Equity Line of Credit

junior mortgage

One in which the lender’s claim against the owner is subordinate to that of a first mortgage holder or another claim which has priority.
References in periodicals archive ?
In addition to stand-alone fixed second mortgages, CapWest will also offer a simultaneous fixed second up to 90 percent CLTV in conjunction with a purchase transaction as long as the TPO client delivers the first mortgage to CapWest.
As a consequence, PNC's second mortgage was determined to be wholly unsecured and declared void.
At the end of three years my credit card debt and second mortgage will be gone for good finally.
The financings included $33 million in first and second mortgages and $6 million in lines of credit.
The problem is that second mortgages as lines of credit are being sold as a balance to fixed mortgages, which incur a fee if they are paid off early.
The first mortgage securing the debt is $110,000; there is a second mortgage securing the property of $90,000.
Aegis Wholesale Corporation works through its strong relationships with independent brokers to make first and second mortgage loans to families and individuals.
Ed Graf arranged a private second mortgage on a mixed-use 5,000 s/f property, located at 49 Sunset Blvd.
The average second mortgage balance in 2001 was $13,994 compared with $21,265 in 2006 -- an increase of nearly 52 percent.
Under the Fresh Rate program, applicants who qualify for a federal fixed- rate, 30-year mortgage get what amounts to a deferred second mortgage to cover the down payment and closing costs.
A new second mortgage for $7,500,000 on a 150,000 s/f industrial building on West 39th Street in New York, NY.
com include interest-only mortgage loans, second mortgage products, stated income and stated asset products as well as AAMG's DreamFirst emerging markets product suite.