A mortgage that takes in the seller's old mortgage and covers the buyer's new loan for the property being sold.
Related information about wraparound mortgage:
- Wraparound mortgage - Wikipedia, the free encyclopedia
Wraparound mortgage. From Wikipedia, the free encyclopedia. Jump to: navigation, search. A wrap-around mortgage, more-commonly known as a "wrap" , is a ...
- What Is a Wrap-Around Mortgage? - Mortgage Professor
October 21, 2002 "What is a wrap-around mortgage, and who is it good for?" A wrap-around mortgage is a loan transaction in which the lender assumes ...
- Wraparound mortgages legal, but carry high risk - SFGate
May 31, 2009 ... Q:I have a full-price offer on my duplex that involves a wraparound mortgage. I am a little leery of a small down payment with high interest ...
- The Magic Of The Wraparound Mortgage | Inman News
Feb 17, 2009 ... A wraparound mortgage (also known as an all-inclusive mortgage or ... However, when using the wraparound mortgage the payment on the ...
- Wraparound Mortgage, Wraparound Mortgages
Wraparound Mortgage A wraparound mortgage is a financing arrangement between buyer and seller whereby the buyer executes an installment note ...
- Wraparound Mortgage Definition | Investopedia
A type of loan that enables a borrower who is paying off an existing mortgage to obtain more financing from a second lender or seller. The new lender (typically a ...
- Wraparound mortgage - Financial Dictionary - The Free Dictionary
A second mortgage that leaves the original mortgage in force. The wraparound mortgage is held by the lending institution as security for the total mortgage debt.
- What is wraparound mortgage? definition and meaning
Definition of wraparound mortgage: Method used as an alternative to refinancing an entire existing mortgage loan when the mortgagor needs to borrow ...