If you are paying off all your Stanford mortgage loans through a refinancing transaction, please refer to the Loan Payoffs page.
If you are planning to keep any of your Stanford loans, your refinancing transaction will need to meet the requirements as outlined in the Subordination brochure. Your new first mortgage lender will submit the required documentation to Faculty Staff Housing and will request that Stanford subordinate its loans to the new first mortgage or equity line. Faculty Staff Housing will review the information and assess the new risk in order to agree to subordinate.
Your new lender may request the completion of a Verification of Mortgage form. These forms can be sent to Mortgage Receivables for completion.