A loan given to a buyer for the remaining balance on a seller’s first mortgage and an additional amount requested by the seller. Payments on both amounts are made to the lender who holds the wraparound loan.
Real Estate Glossary : Terms and Definitions
A loan given to a buyer for the remaining balance on a seller’s first mortgage and an additional amount requested by the seller. Payments on both amounts are made to the lender who holds the wraparound loan.
Real Estate Dictionary · Copyright © 2012 · Privacy · XML Sitemap
Thanks for this information, it was very helpful!!