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.
  The process of having the local and central governments sharing power is known as federalism. federal The name you are looking for is federal.. The individual states ha â¦ ve autonomous roles but share power with a central government. Signing Up with the Central Contractor Registry Every contractor that works with the government has to be registered into a system. 2  Because the United States offers several opportunities and has several potential candidateâ¦.