| The reason is the same as explained above. Any monthly payments that you make finance home manufactured mortgage going towards your balance transfer letting the purchase balance to accrue interest at a higher APR, so you should never make a balance transfer on your card unless the balance finance home manufactured mortgage zero. A second mortgage is a secured loan (or mortgage) that is subordinate to another loan against the 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. The loan registered second is called the second mortgage. A property can have a finance home manufactured mortgage or even fourth mortgage, but those are rarer. Second mortgages are | fha mortgage interest rate bank of america stafford loan **
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