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A second mortgage is: a. None of these choices are correct. b. A loan you take out to buy your second house. c. Cheaper (lower
A second mortgage is:
a.
None of these choices are correct.
b.
A loan you take out to buy your second house.
c.
Cheaper (lower interest rate) than a first mortgage.
d.
A good idea if your firm is in financial difficulty.
e.
A second loan that ranks below the first mortgage in priority.
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