A Wraparound Mortgage is a form of secondary financing for the purchase of real property where the new mortgage is inclusive of the existing mortgage, offering a unique financing solution that can benefit both buyers and sellers in specific scenarios.

A wraparound mortgage is a secondary loan where a new mortgage includes the existing one, providing a unique solution for buyers and sellers.

What is a wrap-around mortgage in real estate? A wrap-around mortgage is a financing type where the new mortgage includes the existing one, allowing the buyer to make one payment that the seller uses to pay the original mortgage.

Which of the following describes a wrap-around mortgage? A wrap-around mortgage is a financing arrangement where the new mortgage includes the existing mortgage, allowing for one combined payment.

What is a wraparound in finance? A wraparound in finance is a loan that includes the balance of an existing loan along with extra financing, usually in real estate.

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A wraparound mortgage provides a unique financing solution by combining an existing mortgage with a new one.

A wraparound mortgage combines an existing mortgage with a new one, offering a unique financing option.