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.
unitary government: all powers is given to a central government  (there is only one level of government).   federal system government divides powers of government between â¦  national and state governments (power is split between  multiple levels of government).example United States) A unitary s â¦ ystem is where the federal government has all the power and provinces have limited power if any at all (France, for example).