| can have multiple loans against it. The loan which is registered with county or city registry first is called the first mortgage. The loan registered second is called the second mortgage. A property can have a third or even fourth mortgage, 1st capital home mortgage those are rarer. Second mortgages are called subordinate because, if the loan goes into default, the first mortgage gets paid off first before the second mortgage gets any money. Thus, second mortgages are riskier for the lender, who generally charges a higher interest rate. Almost 36 million 1st capital home mortgage claimed the deduction in 2003, according to the most recent statistics |
1st capital home mortgage - domain.com
