What is a"wrap around mortgage"?

Answer Made in addition to the existing mortgage, a wrap around mortgage is an owner-financed property loan to the buyer. The buyer pays a mortgage payment to the property owner, and in turn the owner use... Read More »

Top Q&A For: What is a"wrap around mortgage"

How to Write a Wrap-Around Mortgage?

A wrap-around mortgage is a form of seller financing that makes it easier for a buyer to qualify to purchase a home. For the seller, this opens the market for his or her home to more potential buye... Read More »

Explanation of a Wrap-Around Mortgage?

Wraparound, or wrap, mortgages are described as all-inclusive mortgages. This pertains to one mortgage that surrounds another mortgage in its financing. The new loan is large enough to engulf the o... Read More »

What Do Mortgage Companies Charge When a Home Mortgage Is Paid Off?

Selling or refinancing a home usually involves paying off an existing mortgage. In calculating a payoff, which will satisfy and zero out the balance, all unpaid fees and interest must be included, ... Read More »

What is the difference between a mortgage and a second mortgage?

A mortgage is a home loan. There are numerous types of home loans. However, the two most often procured are first and second mortgages. Each type of mortgage has different rules and regulations.Sig... Read More »