A wraparound mortgage allows a property seller to keep their original mortgage loan in place while they agree to finance the bulk of the purchase for a new buyer. The seller is effectively financing a subordinate mortgage for their buyer while keeping the original mortgage in place. It works much like a “subject to” purchase with a few key differences.
Wrap-Around Loan: What it is, How it Works, Example
Wraparound Mortgage - Wrap Around Mortgage
Mortgage - Wikipedia
Preparing to Build a Home – Using a Construction Loan
Wraparound Mortgages, Explained
Wraparound Mortgage: What Is It And How It Works – Forbes Advisor
Mastering Creative Finance: Subject To and Wrap Mortgages
What Is a Wraparound Mortgage and How Does It Work?
Unveiling the Benefits of a Wraparound Mortgage: A Comprehensive Guide - FasterCapital