A subordinate lien (or junior lien) refers to any loan or claim against a property that is secondary to the first lien (the primary mortgage). Examples include second mortgages, home equity loans, or lines of credit.
“A subordinate lien is a mortgage or other lien that has a lower priority than a previous mortgage or lien.”
— SAFE MLO National Test Study Guide
[References:, , SAFE MLO National Test Study Guide, , CFPB, Glossary, , ===========, , ]
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