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Second Mortgage Loans – Citizens Bank – A second mortgage is another loan taken out on a property in addition to a first mortgage. It is also commonly referred to as a home equity loan or line of credit.. Technically, the term "second mortgage" refers to the actual lien position on the property.

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What is a Second Mortgage? Home Equity Loans | Zillow – A second mortgage – also referred to as a home equity loan or home equity line of credit – is just what it sounds like: another (second) mortgage on your home. Like with your original mortgage, your second mortgage is secured by your home, meaning that if you don’t pay the loan, the bank can take your home.

Home Equity Loan Calculator from Bankrate.com – A home equity loan or home equity line of credit (HELOC) allow you to borrow against your ownership stake in your home. The interest rates are competitive with other types of loans, and the terms.

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