Real Estate Glossary

  Wraparound Mortgage

A mortgage that includes the remaining balance on an existing first mortgage plus an additional amount requested by the mortgagor. Full payments on both mortgages are made to the wraparound mortgagee, who then forwards the payments on the first mortgage to the first mortgagee.

 

[ Back To Real Estate Glossary ]

Each Office is Independently Owned and Operated."The data relating to real estate for sale on this website comes in part from the Internet Data Exchange(IDX) of the WMLS. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information herein is deemed reliable but not guaranteed, representations are approximate, individual verifications recommended. All rights reserved."


Search For Homes | Search MLS | Lease/Rentals | Lots & Land | Commercial Listings | New Construction | Extra Listings | Buyer/Seller Info | Market Analysis | Dream Home Finder | Win  1000 | Community Info/Links | City Overview | Local Phone Numbers | Weather Report | Newsletter | Schools | Our Agents | Contact Us | Testimonials | Corporate Website | Guest Book | Mortgage Calculator | Mortgage Rates | Real Estate News | Home | Internal
Each Office is Independently Owned and Operated.

Real Estate Websites by iHOUSEweb, Inc. ®

Site Admin Menu