Search Site

Home >>Mortgage Glossary >>Subordinate Financing

Mortgage Glossary

Below is an A-Z glossary of general terms used within the mortgage industry. Click on any term to view a detailed explanation. Use the alphabet below to navigate quickly to a term beginning with:

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Subordinate Financing

Print Page

Email Page

When a property has a second mortgage on it and the borrower pays off the first mortgage but the second mortgage stays in place, it will be necessary for the second mortgage to become subordinate to any new first mortgage. This event is normally covered in the terms and conditions of the second mortgage.

Back to glossary index

Online Mortgage Enquiry & Quote

Online Enquiry...

If you would like to receive a quote for a mortgage from an FSA regulated broker please
Click here...

Related Mortgage Services and help...

Mortgage Lenders

Mortgage Calculator

Typical Interest Payments

First Time Buyers

2.89%

Purchased Fixed

2.89%

Discounted Rate

2.99%

Buy To Let

2.99%

Commercial

Affordability Calculator

Mortgage News Feed

Mortgage Lenders Profile A-Z List

Find a mortgage lender whose name begins with:

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

View Full List...

Questions & Answers

Read about general questions asked by brokers and lenders and the best ways to answer...