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Posted by radmin on December 8th, 2011 filed in Mortgage. Mortgages can seem complicated enough for first-time buyers, so the concept of a second mortgage can prove too much for some homeowners. First or second mortgages, however, are in no way difficult to understand; only the terms imposed on mortgages are complex, describing trackers, interest-only options and fixed or variable rate repayments. Provided below is a guide to second mortgages, explaining what they are and how they work.

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