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.
If the loan to value (LTV) ratio of a first mortgage is greater than 80%, lenders generally require private mortgage insurance (PMI). In such a case, it can sometimes be economical for a borrower to limit the size of the first mortgage to an 80% LTV and use secondary financing to borrow the remaining amount needed.EFINITION of 'First Mortgage'. A mortgage in a first lien position on the property that secures the mortgage. A first mortgage has priority over all other liens or claims on a property in the event of default.