My Sound Property
Admin
Dean
Real Estate Glossary
- Wraparound mortgage
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
LEARNING CENTER
WELCOME BACK
Wraparound mortgage
A loan to a buyer for the remaining balance on a seller's first mortgage and an additional amount requested by the seller. Payments on both loans are made to the lender who holds the wraparound loan.
Related Terms
Alternative mortgage
Rehabilitation mortgage
Purchase-money mortgage
Fully amortized adjustable-rate mortgage
Biweekly mortgage
Blanket mortgage
First mortgage
Buy-down mortgage
Convertible adjustable-rate mortgage
Growing-equity mortgage
Assumable mortgage
Freddie Mac
Fannie Mae
Impounds
Mortgage life insurance
Two-step mortgage
Mortgage broker
Multifamily mortgage
Graduated-payment mortgage (GPM)
Delinquent mortgage
Mortgage insurance
Truth-in-Lending Act
Life cap
Margin
Federal Home Loan Mortgage Corporation law
Subordinate loan
Second mortgage
Restructured loan
Principal
Back to index
FEATURED PROPERTIES
WATERFRONT FORECLOSURES
