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☐ FULLY COMPLETED SUBORDINATION WORKSHEET (Page 2). Subordinate its lien due to refinance and authorizing SBA to speak with third parties involved. 2.Income verification NOTE: only required when the new mortgage is a cash out transaction. 7. Completed Subordination Request Form - see page 2. If you refinance your first mortgage and have other liens or mortgages on your home, you might need a subordination agreement to adjust the lien positions. Deferred payments over the entire term, or. Forgiveness of the debt over time.
