Explain why,when there is a first mortgage on title of property,interest rates are higher for subsequent mortgages given on the same property.

Name: Explain why,when there is a first mortgage on title of property,interest rates are higher for subsequent mortgages given on the same property.
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The Answer of Explain why,when there is a first mortgage on title of property,interest rates are higher for subsequent mortgages given on the same property.

Explain Why,when There Is a First Mortgage on Title of Property,interest