Union Bank Subordination Agreement
As a friendly credit union in the neighborhood, we have a number of products and services that you`ll love, like chiefs checking with cashback, a high-rate savings account that helps your money grow, and some of the lowest car loan interest rates in town. At CommunityAmerica, we know that if we climb together, we will climb higher. From the support of our community to the support of your financial peace, we are pushing the rise of Kansas City. Not surprisingly, lenders don`t like the risk of a second right of pledge. A subordination agreement allows them to redistribute your mortgage to the first right of pledge and your HELOC to the second deposit position. Most subordination agreements are flawless. In fact, you may not realize what`s going on until you`re asked for a signature. Other periods, delays or fees may surprise you.