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 ]

Assist-2-Sell "We'll sell your home for as low as $2995!"*
"Full Service with $avings!"®

*Fees vary for homes over $300k. Call for details.
Commissions may be negotiable and are not set by law.
Any comparisons to a percentage commission, such as 6%, are for illustration and comparison purposes only.
The information herein is deemed to be accurate, but not guaranteed. All information is to be verified.
If your home is listed with a REALTOR®, this is not intended as a solicitation of your listing.

Home | Find a Home For Me! | My Home's Value? | Contact Team | Corporate Website

Real Estate Websites by iHOUSEweb, Inc. ®