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Author Question: Which of the following is most accurate about second mortgages? (Read 38 times)

Melani1276

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Which of the following is most accurate about second mortgages?
Second mortgages are last resort financing.
Most people have two mortgages on their homes.
A home equity loan is commonly a second mortgage.
The primary mortgage is for the down payment and the secondary mortgage is the main mortgage.


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Marked as best answer by Melani1276 on Nov 11, 2019

Christopher

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Melani1276

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Reply 2 on: Nov 11, 2019
Thanks for the timely response, appreciate it


flexer1n1

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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