loader image
Real Estate Glossary

First mortgage

inflation calculator
Avatar
Written by Luis Escobar

Due to its position, the first mortgage, or the primary loan of a property, has priority over all junior encumbrances. In the event of a default, the holder has a priority right to payment.

Due to its position, the first mortgage, or the primary loan of a property, has priority over all junior encumbrances. In the event of a default, the holder has a priority right to payment.

About the author

Avatar

Luis Escobar

Leave a Comment