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2. What is a second mortgage, and how does it work? - AOL

   www.aol.com/finance/second-mortgage-does...

   When you take out a second mortgage loan, you borrow against the equity you’ve built up in your home. ... Limits on loan size. The amount you can borrow is circumscribed by how much of your home ...

3. Secondary mortgage market: What it is and how it works - AOL

   www.aol.com/finance/secondary-mortgage-market...

   A maximum loan amount of $766,550 (for 2024) in most markets, ... An example would be a home equity loan. Most second mortgages require you to use your home as collateral to secure the loan. A ...

4. Second mortgage - Wikipedia

   en.wikipedia.org/wiki/Second_mortgage

   In general, total monthly repayments on the second mortgage are lower than that of the first mortgage. This is due to the smaller amount borrowed in the second mortgage compared to the primary loan rather than the difference in interest rate. Second mortgage interest rates are typically higher due to the related risk of such loans. [10]

5. Shared appreciation mortgage - Wikipedia

   en.wikipedia.org/wiki/Shared_appreciation_mortgage

   These shared appreciation loans are structured as second mortgages, but are considered "silent" in that borrowers make no payments until they sell the home (or, in some cases, refinance the first mortgage). At the time of sale or refinance, the family is required to repay the full amount of the loan plus a portion of the home price appreciation ...

6. How to refinance when you have a second mortgage - AOL

   www.aol.com/finance/refinance-second-mortgage...

   A second mortgage is simply an additional loan a mortgage-holder takes out, using their home as collateral. ... That means the amount you borrow can’t exceed 80 percent of your home’s current ...

7. Loan-to-value ratio - Wikipedia

   en.wikipedia.org/wiki/Loan-to-value_ratio

   A similar property with a value of $100,000 with a first mortgage of $50,000 and a second mortgage of $25,000 has an aggregate mortgage balance of $75,000. The CLTV is 75%. Combined loan to value is an amount in addition to the Loan to Value, which simply represents the first position mortgage or loan as a percentage of the property's value.