What is “resubordinate” in terms of refinance?
Monday, June 1st, 2009Patty J asked:
I'm trying to refinance my primary residence again and get cash paid my second mortgage. The lender told me I have to find out if the company makes a second mortgage resubordination. Did not understand his explanation. Can someone tell me what is it? And what I have issues concerning this? Thank you.
Brandon
I'm trying to refinance my primary residence again and get cash paid my second mortgage. The lender told me I have to find out if the company makes a second mortgage resubordination. Did not understand his explanation. Can someone tell me what is it? And what I have issues concerning this? Thank you.
Brandon


