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Edit Subordination Agreement

Aug 6th, 2022

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How to Edit Subordination Agreement

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In this video from Campus Mortgage's "Ask the Instructor," the instructor explains subordination agreements. A subordination agreement is a legal document used to prioritize one mortgage lien over another. For instance, if a borrower wants to refinance their home while keeping an existing home equity line of credit (HELOC), a subordination agreement is necessary. This agreement establishes the new mortgage in a first lien position and the HELOC in a second lien position. The video concludes by reminding viewers to download the course catalog at campusmortgage.org.

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