Meaning Wraparound Mortgage
What does Wraparound Mortgage mean? Here you find 6 meanings of the word Wraparound Mortgage. You can also add a definition of Wraparound Mortgage yourself
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Wraparound MortgageA loan that combines the seller's unpaid balance from a first mortgage with a new mortgage. The initial mortgage is refinanced for a higher dollar amount.
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Wraparound MortgageA wraparound mortgage is a junior mortgage in an amount exceeding a first mortgage against the property.
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Wraparound MortgageAn arrangement in which an existing, assumable loan is combined with a new loan, resulting in an interest rate somewhere between the old rate and the current market rate. Learn more...
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Wraparound MortgageA consolidation of balances on all mortgages into one loan.
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Wraparound MortgageResulting when an existing assumable loan is combined with a new loan, resulting in an interest rate somewhere between the old rate and the current market rate. The payments are made to a second lender or the previous homeowner, who then forwards the payments to the first lender after taking their share.
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Wraparound MortgageA 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. The borrower makes payments on both lo [..]
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