Many people use mortgages to apply for loans. This is useful since the credited loan is over a long period of time with a usually stable interest (except the line of credit loans). Many people that already have a mortgaged home and want to buy another one use second home mortgages.

Usually, getting a second home mortgage is more challenging than it appears. First of all, lending money for a second home is viewed differently than for a main residence. Many Banks think that second home mortgages are likely to go unpaid. That