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2nd Mortgage

Posted in: 2nd Mortgage
What is a 2nd mortgage?

Second
mortgages are subordinate because, if the loan goes into default, the first mortgage gets paid off first before the second mortgage.

2nd mortgage refers typically to a secured loan that is subordinate to another loan against the same property.

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Taylor Mortgage Group, LLC

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CO  License:  100013875
NMLS: 385946
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