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difference between second mortgage and home equity loan

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Second Mortgage Versus Home Equity Loan
June 9, 2003, revised August 30, 2003. "What are the differences between a second mortgage and a home equity loan?" The terminology is confusing. A second mortgage is any loan that involves a second lien on the property.

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Second Mortgage
Second Mortgage. Information and resources relating to Second Mortgages. Wednesday, February 09, 2005. A second mortgage can either be a fixed-rate loan or an adjustable-rate credit line. ... as a home equity loan. There is no difference between a home equity loan and a second mortgage ...

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difference between second mortgage and home equity loan