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.
A lien gives rights to the lender that, unless the property is paid, the lender has a right to sell that property. In other words, both documents are used to make sure the borrower pays back the loan. Both documents allow the person or entity to sell the property if the borrower cannot meet the terms of the loan.