Second or junior mortgage payment or home equity loan

{
  "id": "MLC-T-ECS-001749",
  "term": "Second or junior mortgage payment or home equity loan",
  "field": "Economic statistics",
  "definition": "All mortgages other than first mortgages (for example, second, third, etc.) are classified as \"junior\" mortgages. A home equity loan is a line of credit available to the borrower that is secured by real estate.",
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/second-or-junior-mortgage-payment-or-home-equity-loan/"
}