Wraparound Mortgage: What Is It And How It Works

by | Oct 16, 2022 | 0 comments

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If you’re having trouble qualifying for a traditional mortgage, there may be another financing option available. A wraparound mortgage is a form of seller financing that’s designed to benefit both parties in the purchase.

Buyers may have a better chance at qualifying for a home loan, and sellers can profit. However, both the buyer and seller should understand the benefits and drawbacks of this financial arrangement.

 

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