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Resources > Glossary > Second Mortgage Glossary of Notary Public, Mortgage, Signing Agent, and Loan Signing Terms. 0-9 A B C D E F G H I J K L M N O P Q R [S] T U V W X Y Z Second MortgageFunction: noun A second mortgage is a mortgage in addition to whatever mortgage is already taken out on a particular property. Many borrowers do piggy back loans where they get a first mortgage and second mortgage all bundled together. That is also referred to as a combo loan or combination loan. Thesaurus / Related TermsFirst Mortgage Subordination Agreement Piggy Back Mortgage
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