wraparound mortgages
wraparound mortgages is the plural of wraparound mortgage.
Meaning of wraparound mortgage
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
Questions about wraparound mortgages
- What is wraparound mortgages the plural of?
- Wraparound mortgages is the plural of wraparound mortgage.
Words near wraparound mortgages in the dictionary
Source and license
Adapted from Wiktionary: wraparound mortgages (page history and authors); 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.
Last updated:
Cite this entry: “wraparound mortgages.” Word.ws, https://word.ws/wraparound_mortgages. Based on Wiktionary, CC BY-SA 4.0.
