A technique which permits an existing loan to be refinanced at an interest rate between the original loan rate and the currently prevailing market rate.
Related information about wraparound loan:
- Wraparound mortgage - Wikipedia, the free encyclopedia
A wrap-around mortgage, more-commonly known as a "wrap", is a form of secondary financing for the purchase of real property. The seller extends to the buyer ...
- Wraparound Loan - The Free Dictionary
Designed to be wrapped around the body and fastened: a wraparound skirt. 2. Shaped to curve around the sides: a wraparound windshield. 3. Sports Of or ...
- Wraparound Loan - Financial Dictionary - The Free Dictionary
A financing device that permits an existing loan to be refinanced and new money to be advanced at an interest rate between the rate charged on the old loan ...
- What is a Wraparound Loan?
Wraparound loans help to provide a source of additional loan revenue when a pre-existing loan is already in place. Essentially, the wraparound loan functions ...
- What is wraparound loan? - InvestorWords.com
Definition of wraparound loan: A technique which permits an existing loan to be refinanced at an interest rate between the original loan rate and the currently ...
- Wrap Around Loans: How They Can Benefit You
Jan 13, 2012 ... A wraparound loan is a type of financing arrangement between buyer and seller in which the buyer executes an installment note which "wraps ...
- What is wraparound loan? - BusinessDictionary.com
Definition of wraparound loan: Refinancing technique in which the new mortgage is placed in a secondary, or subordinate, position; the new mortgage includes ...
- Advantages and Pitfalls of 'Wraparound' Loan - Los Angeles Times
Jun 10, 1990 ... QUESTION: My wife and I have been trying to sell our house for some time. We purchased the house about 15 years ago, and we have an ...