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Subordination Agreement Form

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Instructions and help about Subordination Agreement Form

hi everyone welcome back to ask the instructor presented by campus mortgage today's question is what is a subordination agreement and when is it required great question as a senior underwriter here are my thoughts a subordination agreement is a legal document that is required to prioritize one mortgage lien over another for example if a borrower currently only has a home equity line of credit on their home but would like to refinance their home to help consolidate debt a subordination agreement would be required if the borrowers would like to keep their current home equity line of credit open the subordination agreement will place the new mortgage in a first lean position and the home equity line of credit in a second lean position this concludes our one minute video as always don't forget to download our course catalog at campusmortgage.org

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