Financial

Wraparound Mortgage

A mortgage that includes the balance of an existing mortgage

Full Definition

Wraparound Mortgage: A mortgage that includes the balance of an existing mortgage. Understanding this concept is important when navigating the mortgage process. NMHL loan officers can explain how wraparound mortgage applies to your specific mortgage situation.

Why It Matters

Understanding wraparound mortgage helps you make informed decisions about your mortgage. This knowledge can save you money and help you avoid common pitfalls in the homebuying process.

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Frequently Asked Questions

Wraparound Mortgage refers to a mortgage that includes the balance of an existing mortgage. This is an important concept in mortgage lending that affects how your loan works.

Understanding wraparound mortgage can help you make better decisions about your mortgage. Contact NMHL for personalized guidance on how this applies to your situation.

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