What Is Wraparound Mortgage?
A wraparound mortgage is a form of seller financing where a new loan "wraps around" the seller's existing mortgage — the buyer pays the seller, and the seller continues paying their original lender out of those payments.
A wraparound mortgage is a form of seller financing where a new loan "wraps around" the seller's existing mortgage — the buyer pays the seller, and the seller continues paying their original lender out of those payments.