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    New York Subordination of Mortgage Agreement


    Prepare a Subordination of Mortgage Agreement with this template form for New York lenders.

    • Under the Subordination Agreement, the holder of a first mortgage on a property (the original lender) agrees to allow its mortgage to be subordinated to a new mortgage being placed on the property.
    • The new mortgage will become the first charge.
    • The purpose of the agreement is to induce the new lender to approve the new mortgage.
    • Available in MS Word format and fully editable.
    • Intended to be used only in the State of New York.
    Download Type: Microsoft Word
    Last Updated: 26-January-2024
    SKU: 4632