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Existing Subordinate Financing Print

Verifies the terms of liens other than a first mortgage against a property.

You may be asked to provide this information as part of an analysis of your total financial situation. Some examples of subordinate financing are:

  • Second mortgages
  • Amount of a home equity loan or home equity line of credit to be disbursed at or after the closing and after any right-to-cancel period
  • The outstanding balance of an existing home equity loan or home equity line of credit

Verification of these liens can usually be made with:

  • A credit report
  • A copy of the note
  • Verification from the lender
  • A copy of the loan or line of credit statement

Tips for a smoother application process

  • Make sure documents are clear and legible.
  • Don't alter any pages (no strikethroughs, cross-outs, etc.).
  • Send all pages, even the blank ones.