answersLogoWhite

0

A second mortgage is a loan taken out on a property that already has a primary mortgage, allowing the homeowner to access more funds, typically with higher interest rates. A junior mortgage, on the other hand, refers to any mortgage that is subordinate to another mortgage, meaning it has lower priority for repayment in the event of foreclosure. Essentially, all second mortgages are junior mortgages, but not all junior mortgages are necessarily second mortgages, as they can include other types of loans secured by the property.

User Avatar

AnswerBot

1mo ago

What else can I help you with?

Continue Learning about Basic Math
Related Questions

What is the difference between attaching and equipping MTG Cranial Plating to a creature?

Attaching MTG Cranial Plating to a creature means physically connecting the card to the creature, while equipping it means activating its ability to attach to a creature you control.


What does MTG stand for?

MTG - MGIC Investment Corp. (NYSE)MTG - Magic The Gathering (Trading Card Game)MTG - Modern Times Group (a leading international entertainment broadcasting group with the second largest geographical broadcast footprint in Europe.)MTG - Musical Theatre Guild (The non-profit, student-run MIT Musical Theatre Guild is the oldest and largest theatre organization at MIT.)


What is the difference between the mana value and mana cost in Magic: The Gathering (MTG)?

In Magic: The Gathering (MTG), the mana cost is the amount and type of mana required to cast a spell or activate an ability, while the mana value is the total converted mana cost of a card, which includes all colored and colorless mana symbols in its cost.


What is the abbreviation for 'mortgage'?

the abbreviation is mtg


What role did MTG play in founding the Third Path?

MTG, a political organization, played a significant role in founding the Third Path, a movement that aimed to bridge the gap between traditional political ideologies.


Are you planning to attend the upcoming MTG party"?

"Will you be going to the next MTG party?"


Do lands in MTG have color?

Yes, lands in Magic: The Gathering (MTG) can have colors.


Are creatures permanents in MTG?

Yes, creatures are considered permanents in Magic: The Gathering (MTG).


Are enchantments in MTG considered permanents?

Yes, enchantments in Magic: The Gathering (MTG) are considered permanents.


Can you use Commander cards in Standard MTG?

No, Commander cards cannot be used in Standard MTG.


Is a land in MTG considered a permanent?

Yes, in Magic: The Gathering (MTG), a land is considered a permanent.


Is an emblem in MTG considered a permanent?

Yes, an emblem in Magic: The Gathering (MTG) is considered a permanent.