Get the one of the best Real Estate Investment Lending, commercial real estate loans, Low Rate Mortgage, fix and flip loans, no closing cost refinance Services in USA. Meet Real Estate Funding Solutions now to get the deal that is best for you. A second mortgage is a lien levied against a property that has a loan. In specific circumstances a lien is a right to own and take land. In other words, if you default on your loan your lender has the right to take control of your home. When you take out a second mortgage, a lien will be drawn out against the portion of your home you paid off.