Step 3: Complete a Midwife Education Program. A student who wants to earn AMCB certification as either a CNM or a CM must complete a graduate degree program in midwifery that's been accredited by the Accreditation Commission for Midwifery Education (ACME).
A second loan, or mortgage, against your house will either be a home equity loan, which is a lump-sum loan with a fixed term and rate, or a HELOC, which features variable rates and continuing access to funds.
There are often multiple loans on a single real estate deal, and each of these loans has a different lien priority or repayment priority. Senior loans (or âsenior mortgagesâ or âfirst mortgageâ or âfirst-lienâ debt holders) are in first position (i.e. they have a first lien priority). Junior loans (or âjunior mortgagesâ or âsecond-lienâ debt holders or mezzanine capital) have a lower priority than a first or prior (senior) lender.