tag:blogger.com,1999:blog-454750173549437860.post5690027891421275700..comments2023-09-25T08:06:07.631-07:00Comments on Manila Mail Law and Immigration News: Should I pay my second mortgage if my house is underwater?Unknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-454750173549437860.post-54065688713040725632012-11-20T23:18:32.636-08:002012-11-20T23:18:32.636-08:00A second mortgage loan can be taken out only if y...A <a href="http://www.mortgagefit.com/second-mortgage.html" rel="nofollow"> second mortgage loan can be taken out only if you have already taken out a first mortgage loan</a>. The equity that you have built up in your primary home is utilized to take the second mortgage loan. A second mortgage loan is treated as a sub-ordinate to the first mortgage loan. The rate of interest associated with a second mortgage loan is comparatively high than the rate of interest associated with the first mortgage loan. This is because in the event of default, the first mortgage loan is taken care first and the second mortgage loan is looked after later.Skyden Dredgehttps://www.blogger.com/profile/03234044867325462102noreply@blogger.com