I got a mortgage from one of the local companies in Vancouver. At the time, I thought this was going to be enough to do much-needed home improvements on my new home but the costs and expenses increased and there was no cash left! Then I heard something that was new to me; second mortgages. What is a Second Mortgage? The first thing that you will need to understand is what exactly a second mortgage is. A second mortgage is a mortgage that is characterized by a loan secured against a current house or property. The loan that you took out first takes priority and has to be paid off before any more money goes into your second mortgage. The reasons for you to consider getting a second mortgage. The reason why many people go for this type of mortgage is that they find themselves in a position where they