The second mortgage can usually only be borrowed from a limited lending institution, which is more restricted than the first mortgage.
The characteristic of the second mortgage is that the lender can obtain the loan again directly through the second mortgage, without repaying the first loan, which can save time and advance payment cost.
After the loan, the lender should repay the loan on time according to the bank regulations, otherwise it will not only generate penalty interest, but also affect personal credit information.