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    s in three short lessons:

    Lesson One: What does the term “Second Mortgage” mean?

    When you bought y

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    Lesson One: What does the term “Second Mortgage” mean?

    When you bought y

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    and options for a loan or line of credit...Does that sound like a good deal? The problem is that you are not sure what all of this terminology means, and are reluctant to ask at the risk of sounding like an uninformed homeowner, so you’ve decided that a second mortgage is not for you. Does this sound familiar? If so, then read on to learn the basics in three short lessons:

    Lesson One: What does the term “Second Mortgage” mean?

    When you bought y

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    at all of this terminology means, and are reluctant to ask at the risk of sounding like an uninformed homeowner, so you’ve decided that a second mortgage is not for you. Does this sound familiar? If so, then read on to learn the basics in three short lessons:

    Lesson One: What does the term “Second Mortgage” mean?

    When you bought y

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    ou’ve decided that a second mortgage is not for you. Does this sound familiar? If so, then read on to learn the basics in three short lessons:

    Lesson One: What does the term “Second Mortgage” mean?

    When you bought y

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    s in three short lessons:

    Lesson One: What does the term “Second Mortgage” mean?

    When you bought your house, you took out a loan, (your mortgage) which is now in first lien position. (in position to be paid first) When you take out a second mortgage, your new loan moves into second lien position. This usually means that your first mortgage will be paid off by the second one, which will then move into first lien position.

    Lesson Two: The Benefits of A 2nd Mortgage

    First, you will most likely be able to pay off your first mortgage, and be left

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