wraparound mortgage
wraparound mortgage noun: a form of mortgage in which the seller of a property extends to the buyer a junior mortgage which exists in addition to any superior mortgages already secured on the property. The seller accepts a secured promissory note from the buyer for the amount due on the underlying mortgage plus an amount up to the remaining purchase-money balance.
Noun
wraparound mortgage (plural wraparound mortgages)
- A form of mortgage in which the seller of a property extends to the buyer a junior mortgage which exists in addition to any superior mortgages already secured on the property. The seller accepts a secured promissory note from the buyer for the amount due on the underlying mortgage plus an amount up to the remaining purchase-money balance.
- Synonyms:
- wrap, wraparound
Synonyms of wraparound mortgage
Forms of wraparound mortgage
| plural | wraparound mortgages |
|---|
Questions about wraparound mortgage
- What does wraparound mortgage mean?
- Wraparound mortgage means a form of mortgage in which the seller of a property extends to the buyer a junior mortgage which exists in addition to any superior mortgages already secured on the property. The seller accepts a secured promissory note from the buyer for the amount due on the underlying mortgage plus an amount up to the remaining purchase-money balance.
- What part of speech is wraparound mortgage?
- Wraparound mortgage is a noun.
- What is the plural of wraparound mortgage?
- The plural of wraparound mortgage is wraparound mortgages.
Words near wraparound mortgage in the dictionary
Source and license
Adapted from Wiktionary: wraparound mortgage (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
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