google bot detected Subordinate Financing | Mortgage Glossary | Realestateagent.com

Subordinate Financing


Definition of "Subordinate Financing"

Judy Cox
  Results Realty Illinois

A second mortgage on a property that is not paid off when the first
mortgage is refinanced. The second mortgage lender must allow subordination of the second to the new
first mortgage.



Related Real Estate Glossary terms

Related Real Estate FAQ