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In this video tutorial from Campus Mortgage, the instructor explains the concept of a subordination agreement. A subordination agreement is a legal document that prioritizes one mortgage lien over another. For instance, if a borrower has a home equity line of credit (HELOC) and wants to refinance their home to consolidate debt while keeping the HELOC open, a subordination agreement is necessary. This agreement allows the new mortgage to take the first lien position, placing the HELOC in the second lien position. The video wraps up with a reminder to download the course catalog at campusmortgage.org.