Source of Down Payment, Settlement Charges, Andor Subordinate Financing Explain Form

Instructions and help about Source Of Down Payment, Settlement Charges, Andor Subordinate Financing explain

if you've ever heard the term subordination in real estate and you're not sure what it is or how it works keep watching this is trevor and in this video i'm here to teach you about subordination how it works what it's used for why it's necessary and who uses it i'll also give you an example so if you have any questions just leave me a note in the comments below and don't forget to subscribe this information is critical for any real estate or mortgage professional to understand as well as anyone looking to refinance their property especially when they have two mortgage loans such as a 30-year home loan and a home equity line of credit after this video you'll understand how subordination agreements work how they're executed who are the parties involved and what you need to know when dealing with one in order to understand how subordination works first we need to understand the concept of lien position when somebody takes out a mortgage loan the lender records a lien on the property this