Real Estate
What is a second mortgage?
Quick Answer
A second mortgage is a loan secured by your home equity, junior in priority to your first mortgage. Two main types: a home equity loan (fixed rate, lump sum, fixed term) or a HELOC (revolving variable-rate line of credit).
Warren Team
Updated April 26, 2026
34
Warren Team
Updated April 26, 2026
34
Important Disclaimer:
The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.
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