What is a Mortgage Subordination Clause?
The term “subordination clause” comes to mind when you buy a home or take out a loan. This can look puzzling, but it's just a law that helps decide which debt is paid off first if you are unable to make payments or sell your home. Get A Free Mortgage Quote What a subordination clause is, why it matters, and what it means to you will all be explained in simple terms in this article. What is a Subordination Clause? A subordination clause is a part of a loan agreement that shows the orde
The term “subordination clause” comes to mind when you buy a home or take out a loan. This can look puzzling, but it's just a law that helps decide which debt is paid off first if you are unable to make payments or sell your home.
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What a subordination clause is, why it matters, and what it means to you will all be explai...
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