Subordination
An agreement changing the priority of liens on a property
Full Definition
Why It Matters
Understanding subordination helps you make informed decisions about your mortgage. This knowledge can save you money and help you avoid common pitfalls in the homebuying process.
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Frequently Asked Questions
Subordination refers to an agreement changing the priority of liens on a property. This is an important concept in mortgage lending that affects how your loan works.
Understanding subordination can help you make better decisions about your mortgage. Contact NMHL for personalized guidance on how this applies to your situation.
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