In real estate, first-lien loans (primary mortgages) let you finance a home purchase, while second-lien loans (home equity loans or HELOCs) let you tap your home’s value for cash. The holder of the ...
This mutated out of an offtopic discussion in the iD thread...<BR><BR>I'll start with Grimlog's explanation, which I thought was pretty good but perhaps is worth ...
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