There are First Mortgages and Second Mortgages, the former designed to allow you to purchase the home or totally refinance the original loan; the latter, also known as a Home Equity Loan, allows you to use your available equity to take out a subordinate loan in addition to your First Mortgage.
Many powers belonging to the federal government are shared by state governments. Such powers are called concurrent powers. These include the power to tax, spend, and borrow money. State governments operate their own judicial systems, charter corporations, provide public education, and regulate property rights.
A common misunderstanding is that concurrent powers are shared powers between the central and state government. Concurrent powers are rather a collection of powers that the states and federal government have in common, not shared.. Concurrent Powers are powers shared by the federal and state governments. These powers include the ability to make laws, roads, defense, parks and enforcement for police, prisons, health, and environment, to name a few. Concurrent powers are exercised by both the nation and the states over the same areas of policy.