Subordinate Mortgage

1 Posts
1 Sections
1 Types

January 1, 1 5 min read Definitions

Subordinate Mortgage Junior Lien Foreclosure Priority Real Estate Financing

A subordinate mortgage, also known as a junior lien, is a mortgage that is ranked below a primary mortgage in terms of claim priority. In the event of a foreclosure, the primary mortgage is paid off first, and any remaining funds go towards paying the subordinate mortgage.