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PML - Second Mortgage
I am a PML operating exclusively in the state of Pa. I am considering doing my first second mortgage of a substantial $ amount. (I have done small seconds in the past as an unsecured personal/promissory note.) I believe I may already know the answer to this question, but just want some confirmation from this group. Are the loan docs for a second the same as for a first. The only difference being the order in which the paperwork is filed? Thanks in advance for any input!