Refinance Second Mortgage, 2nd Mortgage Refinancing
A 2nd mortgage simply means that the amount you borrow is secured by your property, in second preference to your first mortgage. Some lenders call it secured loan. 2nd mortgage loans are loans that are made in addition to the first mortgage, and it is usually based on the amount of equity that the borrower uses to build into his home.
Refinance Second Mortgage, means that you'll be getting a new mortgage with a new low interest rate and new term.
