Understanding Mortgage Subordination | Quicken Loans

Published on Nov 26, 2014

Mortgage subordination occurs when a homeowner has more than one mortgage on a home, such as a home equity loan or a home equity line of credit,and refinances. The company that lent the home equity loan much “subordinate” their right to be paid off in order for the main mortgage to refinance. Learn more from this great video in our Quicken Loans Blog Education Series or go to the blog at http://www.quickenloans.com/blog

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