Sentences with phrase «function as a second mortgage»

Functioning as a second mortgage, these loans typically have a fixed rate and require that you repay interest and principal each month.

HELOCs function as a second mortgage, with the borrower withdrawing and repaying funds on a more flexible schedule, and the government allowing a tax deduction for interest payments.

Functioning as a second mortgage, these loans typically have a fixed rate and require that you repay interest and principal each month.