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Existing Subordinate Financing

Information about an existing subordinate lien typically is requested to verify the terms of subordinate financing. Examples of subordinate liens include, but are not limited to:
  • Second mortgages
  • Amount of a home equity line of credit that will be disbursed at closing or after any rescission period
  • The outstanding balance of an existing home equity line of credit
While documents verifying these loans may vary, these liens can usually be verified with:
  • A copy of the credit report
  • A copy of the note
  • A direct verification from the lender
  • A copy of the loan/line statement
To avoid delays in processing your loan, please:
  • Make sure the copies you send are legible.
  • Do not include documents that have been altered with correction fluid or by other means.
  • Submit the entire requested document and include all pages (even blank ones).