https://www.roycestonecapital.....com.au/private-lendi
A second mortgage is a loan taken out against the equity of a property that is already mortgaged. Essentially, it allows homeowners to borrow additional funds by leveraging the value of their home beyond the primary mortgage. Unlike , which has priority in case of foreclosure, a second mortgage is subordinate and typically carries a higher interest rate due to the increased risk for the lender.
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