First Mortgage

Get free proposals from vetted lawyers in our marketplace.

GET FREE PROPOSALS
No upfront payment required. Pay only if you hire.

What is a First Mortgage?

Note that a first mortgage, also known as a primary loan, is a loan that’s in the first lien position. It means that this mortgage takes priority over all the other liens when you finance a piece of real estate by multiple mortgage loans. So, it is a loan that you obtain for financing the purchase of a property.

While the homebuyer may have several properties in his or her name, it’s the original mortgage that you take out in order to secure your properties that constitutes the first mortgage.

Examples of a First Mortgage

  • Example 1: Home equity loan
  • Example 2: Conventional loan

Here’s Investopedia’s definition of a First Mortgage .

How ContractsCounsel Works
Hiring a lawyer on ContractsCounsel is easy, transparent and affordable.
1. Post a Free Project
Complete our 4-step process to provide info on what you need done.
2. Get Bids to Review
Receive flat-fee bids from lawyers in our marketplace to compare.
3. Start Your Project
Securely pay to start working with the lawyer you select.

ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.


Meet some lawyers on our platform

Kristen R.

55 projects on CC
CC verified
View Profile

Jane C.

250 projects on CC
CC verified
View Profile

Daniel R.

309 projects on CC
CC verified
View Profile

Edward B.

73 projects on CC
CC verified
View Profile

Meet some of our Real Estate Lawyers

Angela S. on ContractsCounsel
View Angela
5.0 (1)
Member Since:
February 12, 2025

Angela S.

Founding Atttorney
Free Consultation
Denver, Colorado
24 Yrs Experience
Licensed in CO, NY
Georgetown University Law Center

Business law attorney with over 20 years of experience in contracts, entity formation and risk management

Recent  ContractsCounsel Client  Review:
5.0

"I hired Angela for a Demand Letter project in an attempt to recover a security deposit. She's very knowledgeable about Real Estate law & was empathetic about my situation. Having to hire an attorney for any case, whether simple or complex, can be daunting. That being said, Angela is very personable & addressed all my questions & concerns which put my mind at ease. I'd highly recommend Angela for any legal needs if you require a reliable attorney"

Abbi N. on ContractsCounsel
View Abbi
5.0 (1)
Member Since:
February 18, 2025

Abbi N.

Founding and Practicing Attorney
Los Angeles and DC
10 Yrs Experience
Licensed in CA, DC
University of Pacific, McGeorge School of Law

I provide efficient, business-focused contract counsel services to companies and law firms, drawing on my experience as a Supervising Attorney and former Assistant Attorney General handling complex litigation, contracts, and regulatory matters across multiple jurisdictions. I deliver practical, strategic solutions—whether drafting and negotiating agreements, advising on employment and business issues, or managing risk before disputes arise. Clients hire me because I step in quickly, provide clear guidance, and produce high-quality work without unnecessary overhead.

Stephen R. on ContractsCounsel
View Stephen
5.0 (7)
Member Since:
February 18, 2025

Stephen R.

Attorney
Free Consultation
Boston
17 Yrs Experience
Licensed in MA, NY
New York Law School

Steve Reich is licensed to practice in both New York and Massachusetts and is based in Boston. He assists with environmental litigation and other complex litigation and heads the firm's intellectual property practice, including copyright and trademark registration and protection. Other practice areas include commercial contract drafting and civil litigation.

Recent  ContractsCounsel Client  Review:
5.0

"Fast, professional, and articulate—I would work with Stephen again."

Saranne W. on ContractsCounsel
View Saranne
5.0 (1)
Member Since:
February 20, 2025

Saranne W.

Principal
Free Consultation
Holmdel, New Jersey
14 Yrs Experience
Licensed in NJ, NY
Seton Hall University School of Law

Saranne (Sara) is the owner and founder of S. Weimer Law, LLC. Sara has over a decade of experience practicing at prominent law firms. Prior to opening S. Weimer Law, Sara spent several years at a premiere international law firm representing companies and their leaders in every facet of the employment relationship. Sara has represented entities of all sizes, including some of the largest Fortune 500 companies, small start-ups, and key executives. Sara's experiences spans across various industries, including pharmaceutical, medical device, healthcare, financial services, technology, transportation, telecommunication, entertainment, non-profit, hospitality, and private equity. Sara has successfully represented her clients in single-plaintiff litigations, multi-plaintiff litigations, class and collective actions, agency charges, government audits, and disputes with competitors. Sara has extensive experience handling claims of discrimination, harassment, retaliation, leave interference, pay equity, medical and religious accommodations, wage and hour issues, whistleblower allegations, non-competes, restrictive covenants, and wrongful termination. Sara is also regularly retained to conduct internal investigations, respond to government inquiries, conduct workplace training, and negotiate executive agreements.

Maria H. on ContractsCounsel
View Maria
Member Since:
February 12, 2025

Maria H.

Managing Partner
Free Consultation
Grove City, Ohio
3 Yrs Experience
Licensed in OH
Capital University Law School

Motivated, hardworking, and passionate attorney with strong organizational skills. Skilled in researching, interpreting, and writing legal documents. Detailed-oriented individual with excellent time management and problem-solving skills. Ability to handle multiple projects simultaneously with a high degree of accuracy. I have WealthCounsel available for Ohio.

Nicholas M. on ContractsCounsel
View Nicholas
Member Since:
February 21, 2025

Nicholas M.

Attorney at Law
Free Consultation
Los Angeles
4 Yrs Experience
Licensed in CA
Glendale University College of Law

Since getting my license to practice 3 years ago, I have been spent my time as a trial attorney with district attorneys office and insurance defense covering disputes with contracts, landlord-tenant, auto accidents, premises liability, and contract disputes.

Find the best lawyer for your project

Browse Lawyers Now

Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.

View Trustpilot Review
Real Estate lawyers by city

Contracts Counsel was incredibly helpful and easy to use. I submitted a project for a lawyer's help within a day I had received over 6 proposals from qualified lawyers. I submitted a bid that works best for my business and we went forward with the project.

View Trustpilot Review

I never knew how difficult it was to obtain representation or a lawyer, and ContractsCounsel was EXACTLY the type of service I was hoping for when I was in a pinch. Working with their service was efficient, effective and made me feel in control. Thank you so much and should I ever need attorney services down the road, I'll certainly be a repeat customer.

View Trustpilot Review

I got 5 bids within 24h of posting my project. I choose the person who provided the most detailed and relevant intro letter, highlighting their experience relevant to my project. I am very satisfied with the outcome and quality of the two agreements that were produced, they actually far exceed my expectations.

View Trustpilot Review

How It Works

Post Your Project

Get Free Bids to Compare

Hire Your Lawyer

Find lawyers and attorneys by city