What is the difference between a 1st mortgage, 2nd mortgage, and home equity loan?

adamea5@sbcglobal.net asked: I am searching for financing to make home improvement repairs, I submitted a request for a home equity loan through lending tree. The lenders throwing out terms such as 1st mortgage, 2nd mortgage, and home equity loan.

What is the difference between a mortgage and a home equity loan?

BC asked: I own a home that is paid off but would like to take out a loan to fund some home improvements as well as help my parents pay off their home equity loan. Given this scenario can I take out a mortgage since mortgage rates are lower or am I limited to a [...]

How should I go about selling my current home that I have a mortgage and home equity loan on and go about.

nicolepatricksoellner asked: We want to relocate to my home town to better off my children this would give them a better school district and we would be alot closer to my family, just how do we go about doing this? We have a mortgage on the house we live in now and a home [...]