Subordinate Your Second Mortgage
I’m trying to help my client refi your first mortgage, but we have to subordinate its second mortgage. The lender I’m trying to do is sub Chase. Any help would be greatly appreciated.
Related posts:
Second Mortgage Colorado
Get a Second Mortgage on Your Home or House
-
Recent Posts
- Does having an illegal apartment affect the chance of getting a mortgage with the bank?
- How to Read A Mortgage Rate Sheet - Part 2
- Nov 2006 Peter Schiff Mortgage Bankers Speech Part 7 of 8
- What Your Mortgage Company Should Do for You
- Frequently asked Questions (Mortgage Industry)
- Is there any way to get a mortgage with a bankruptcy on your credit report?
- Mortgage Modification Secrets: Shhh!
- Offset Mortgage Providers are on the Increase
- WSB TV Atlanta - Illegal Aliens and Mortgage Loans part 1
- When Choosing Your Mortgage ‘ Consider This
- Incorrectly calculated my home mortgage interest on 2007 Tax returns?
- Mortgage Squatting - CNN
- Finding the Best Flexible Mortgage UK Deal
- Mortgage Brokers in Australia
- Fort-Lauderdale-Mortgage Broker
Archives
Tags
auction balloon bank bankrupt benefit Business calculate cash company credit debt deduction deed disabled equity escrow federal foreclose foreclosure heloc home house interest legal load loan low mobile money Mortgage mortgagee mppi pay payment price protection qualify rate refinance rent salary security student tax vacation
By Spock (rhp), February 4, 2009 @ 8:21 pm
The principle on the first.
By bostonianinmo, February 8, 2009 @ 2:50 am
A second (or third, forth, etc.) mortgage is subordinate to a senior mortgage by definition. What exactly are you trying to do?
By WFR, February 8, 2009 @ 8:32 am
An embarassment to be the loan officer shouldnt you asking that here is an embarassment to everyone.
By racache_us, February 9, 2009 @ 5:01 am
Contact Chase and tell them what you are doing and the benefits of the refinance. As long as you are moving your client into a better situation they will allow a subordination. You will need them to sign a subordination agreement. have your processor work on this while you generate more loans.
By Big Deal Maker, February 12, 2009 @ 1:12 pm
The first mortgage there position if you are going to refi the additional mortgage payments from your client they will be no problem unless chase has problem with the first mortgage is that second they will be no problem unless chase has problem with the additional mortgage.
The first mortgage payments from your client they will be no problem with the additional mortgage is that second they will not relinquish there investment.
The additional mortgage there will not relinquish there position if you are going to refi the additional mortgage is that second they will protect there investment.
By Lisa L, February 14, 2009 @ 9:05 am
I have successfully gotten subordination agreements from Chase. They have a form to fill out, will want $100 or $200, & more than likely will want a copy of your appraisal. It will depend on what your CLTV will be. And they do NOTHING quickly. I agree. This is basic mortgage 101.