| Wrap-Around Loan |
| A loan that is most commonly used with property with an outstanding loan. The seller lends the buyer the difference between the existing loan and the purchase price. The buyer's periodic loan payments are sufficient to repay the existing loan as well as the seller's loan to the buyer. When the loan involves mortgage loans, it is also referred to as a wrap-around mortgage. |
Showing posts with label Wrap Around. Show all posts
Showing posts with label Wrap Around. Show all posts
Monday, October 12, 2009
Wrap-Around Loan
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