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litisham · Joined: 23 Jun 2009 Posts: 116 -0.62 Dollars($)

What is to subordinate home loan?

merry809 · Joined: 10 Aug 2009 Posts: 35 0.02 Dollars($)

Subordinate home loan menas Lender hold primary lien request to junior lien lender to stay as subordinate and primary lien holder refinance lien.

In this subordinate home loan secondary lien holder can move up to first postion when-
1)The first mortgage refinance does not pay off the existing second lien
2)No subordination request is made from the part of the primary lien holder to the second mortgage holder to remain in junior position while the refinancing is over.

Bye subordinating your loan you can get lower home equity rate and suborination fees are smaller.

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