A second mortgage is: a. A good idea if your firm is in financial...

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Finance

A second mortgage is:

a.

A good idea if your firm is in financial difficulty.

b.

A second loan that ranks below the first mortgage in priority.

c.

A loan you take out to buy your second house.

d.

Cheaper (lower interest rate) than a first mortgage.

e.

None of these choices are correct.

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