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LendingRisk.com Mortage Industry Dictionary

Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.

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Second Home

A second home is different from an investment property with the distinction that is not rented to a tenant, but instead used on occasion by the owner. A second home is commonly referred to as a vacation home.

See Investment Property
See Mortgage Loan Occupancy and Property Usage Types
See Property Usage Type

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Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.