| transfer letting the purchase balance to accrue interest at a higher fha adjustable rate mortgage so you should never make a balance transfer on your card unless the balance is zero. A second mortgage is a secured loan (or mortgage) that is subordinate to another loan against fha adjustable rate mortgage same property. More specifically, the second loan in sequence. In real estate, a property can have multiple loans against it. The loan which is registered with county or city registry first is called the first mortgage. fha adjustable rate mortgage loan registered second is called the second mortgage. A property can have a third or even fourth mortgage, but those are rarer. Second mortgages are called subordinate |  |
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