Both are usually referred to as second mortgages, as a result of they’re secured against the value of the property, identical to a traditional mortgage. Another method of looking at that is that you just can’t borrow more than 70…
Both are usually referred to as second mortgages, as a result of they’re secured against the value of the property, identical to a traditional mortgage. Another method of looking at that is that you just can’t borrow more than 70…