Tag: wraparound

wraparound mortgage – (Ekonomi / Bisnis)

Pengertian wraparound mortgage adalah: Subjek Definisi Bank ? wraparound mortgage : A second mortgage that takes over the first. The first mortgage loan is not paid off. Instead, the borrower makes payments to the second mortgage lender for the debt service of both the first and second liens. The second lien holder then makes the payments to the first lien holder. This type of mortgage is used when the borrower is unwilling or unable to […]