October, 2009
refinancing a principle loan, but not home equity loan, why would we have to pay a subordination fee?
Why do you pay a subordination fee when refinancing, when your refinance does not include your home equity loan? It’s because you are not including the home equity loan in your refinance that you need a subordination agreement. The home equity lender has to agree to re-subordinate which means they agree to remain in second [...]