The ChicagoMade Shorts Series is a celebration of the robust local independent film community and a showcase of entertaining work produced by talented Chicago-based artists. Submission is now open for original, entertaining short films a maximum of 8 minutes in length created by Chicago-based filmmakers.
What is a Subprime Loan? A subprime mortgage is a type of loan offered to borrowers with poor credit scores. Typically these are individuals with credit scores lower than a 600 and cannot qualify for a conventional loan. This may also include borrowers with derogatory or adverse credit histories.
Mortgage Re-subordination. Re-subordination is when you leave an existing subordinate (ie. second , third, fourth, etc.) mortgage in place and refinance only the existing first mortgage. Liens on your property are listed in order of importance. The first mortgage or lien is more important obviously than the second mortgage.