Any loan with a priority lower than loans that were obtained beforehand.
Related information about subordinate financing:
- Subordinate Financing Definition | Investopedia
Debt financing that is ranked behind that held by secured lenders in terms of the order in which the debt is repaid. "Subordinate" financing implies that the debt ...
- Subordinate Financing - Financial Dictionary - The Free Dictionary
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 ...
- What Does Subordinate Financing Mean? | Home Guides | SF Gate
You can finance a home's purchase a number of ways, including through first and subsequent mortgages. A first mortgage is always a senior mortgage.
- D. Subordinate Financing Requirements - Pennsylvania Housing ...
PHFA must pre-approve all subordinate financing programs intended to be used ... Subordinate financing for this purpose is defined as any financing that may ...
- Guide to Subordinate Financing or 2nd Trust Loans
Guide to Subordinate Financing or 2nd Trust Loans. What is a 2nd trust loan? A 2 nd trust loan program calls for two separate mortgages—a first and a second.
- Video: What Does Subordinate Financing Mean? | eHow.com
What Does Subordinate Financing Mean?. Part of the series: Marketing & Finance. Subordinate financing can be defined in a very specific way in the world of ...
- Subordinate Financing Agreement
Can the Subordinate Financing Agreement be modified to meet the demands of state and local housing finance agencies? If so, what is the extent of the ...
- Data entry instructions for subordinate financing in ... - Fannie Mae
Data entry instructions for subordinate financing in Desktop. Underwriter. ®. (DU. ®. ) Tip: To print this document, click (Print). To get a closer look at a screen, ...