|
|
|
| |
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 ]
|
Premium Realty Associates
419 Lee Place
Frederick, MD 21702
Office:(301)668-5082
Toll Free: (800)966-RELO
Fax: (301)668-5086
**Licensed in MD, WVA, VA, & PA!**
Each Office is Independently Owned and Operated
Real Estate Websites by iHOUSEweb, Inc. ®
|
|
