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Results tagged with terminology
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user 1647
For questions about the meaning and usage of specific terms used in personal finance, alternative names for concepts, etc.
7
votes
What does the term "second mortgage" mean? Can I easily get one?
Answering the first part, it is basically a home equity loan. You are taking a loan out against available equity in your house. It generally is at a higher interest rate than what you would get on y …
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