First Mortgage
Mortgage with first-priority claim on a property, typically the senior lien that gets paid before junior mortgages after foreclosure.
First, second, junior, and subordinate mortgage positions in property-backed lending.
First, Second, and Junior Mortgages covers first, second, junior, senior, subordinate, lien, release, and subordination terms that rank property-backed claims.
Use these pages when claim priority affects lender recovery, refinancing, foreclosure proceeds, title clearance, or collateral risk. It sits inside Mortgage Priority, so readers can move up when the broader property-finance context matters.
Use the table below to choose the narrower mortgage or real-estate finance branch before applying a term to a loan file, closing record, servicing review, investor report, appraisal, or valuation model. Move into the term page when the document, calculation, party role, lien position, or property cash flow matters.
| Area | Use it for |
|---|---|
| First Mortgage | Mortgage with first-priority claim on a property, typically the senior lien that gets paid before junior mortgages after foreclosure. |
| First Mortgage Debenture | Debt instrument secured by a first-priority mortgage claim, giving its holder senior collateral rights. |
| Junior Lien | A junior lien is a type of lien that holds a subordinate position in the payment hierarchy relative to other liens. |
| Junior Mortgage | Mortgage that ranks below a senior mortgage in the repayment stack, including second mortgages and other subordinate property loans. |
| Second Lien | Dive into the intricacies of second liens or second mortgages, their uses, types, historical context, and special considerations. |
| Second Mortgage | Mortgage that sits behind the first mortgage in repayment priority and lets owners borrow against home equity with added lender risk. |
| Subordinate Mortgage | A subordinate mortgage refers to a loan that is secondary to a first mortgage in terms of repayment priority. |
Mortgage-priority content is educational and does not provide legal, title, lending, tax, or foreclosure advice.
Choose a subsection first. Deeper term pages live inside each subsection, which keeps large topic hubs readable.
Mortgage with first-priority claim on a property, typically the senior lien that gets paid before junior mortgages after foreclosure.
First Mortgage Debenture is a mortgage or real estate finance concept used in property financing, underwriting, valuation, or ownership analysis.
A junior lien is a type of lien that holds a subordinate position in the payment hierarchy relative to other liens.
Mortgage that ranks below a senior mortgage in the repayment stack, including second mortgages and other subordinate property loans.
Dive into the intricacies of second liens or second mortgages, their uses, types, historical context, and special considerations.
Mortgage that sits behind the first mortgage in repayment priority and lets owners borrow against home equity with added lender risk.
A subordinate mortgage refers to a loan that is secondary to a first mortgage in terms of repayment priority.