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Copyright 2007 Inman News Why 'silent' second mortgages are so risky The term "silent second" is used to describe self-serving or perhaps fraudulent schemes where house sellers accept second mortgages as part of a sale transaction, without the full knowledge of the first mortgage lender. Get a small grant and you can take out a bigger loan. Last night I made this great dinner. Regards - JW Reply Reply to author Forward Sign in before you can post messages. Overland Park, KS 66204 913 381-4520, info@rogueinvestor. The only thing about it is we have to pay $177 a month right away to pay off the loan, however it is a 20 year loan, with no prepayment penalties.
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