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Difference Between First and Second Mortgages
A first mortgage is the primary loan used to purchase a home, holding the highest priority in case of foreclosure. A second mortgage is a secondary loan taken out against the home's equity, typically with higher interest rates. If the home is foreclosed, the first mortgage is paid off first.
Visit https://www.ontariomortgagesuperstore.com/second-mortgages/difference-between-first-and-second-mortgages
A first mortgage is the primary loan used to purchase a home, holding the highest priority in case of foreclosure. A second mortgage is a secondary loan taken out against the home's equity, typically with higher interest rates. If the home is foreclosed, the first mortgage is paid off first.
Visit https://www.ontariomortgagesuperstore.com/second-mortgages/difference-between-first-and-second-mortgages
Difference Between First and Second Mortgages
A first mortgage is the primary loan used to purchase a home, holding the highest priority in case of foreclosure. A second mortgage is a secondary loan taken out against the home's equity, typically with higher interest rates. If the home is foreclosed, the first mortgage is paid off first.
Visit https://www.ontariomortgagesuperstore.com/second-mortgages/difference-between-first-and-second-mortgages
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