Home Buying in Old Bridge>Question Details

Witkowski, Home Buyer in Old Bridge, NJ

what is a 2nd. lienholder?

Asked by Witkowski, Old Bridge, NJ Mon Sep 10, 2012

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1
A mortgage is a 1st lien holder. A 2nd lien holder is a sub-lender - if a person has a home equity line of credit or a second mortgage, those lenders are considered 2nd lien holders. Does that answer your question?
0 votes Thank Flag Link Tue Sep 11, 2012
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