Synonyms for wraparound mortgage
- noun
Most common
Definitions
- n. 1
A form of mortgage in which the seller of a property extends to the buyer a junior mortgage which exists in addition to any superior mortgages already secured on the property. The seller accepts a secured promissory note from the buyer for the amount due on the underlying mortgage plus an amount up to the remaining purchase-money balance.
Example sentences
- wrap Aluminum foil is more expensive than plastic wrap.
By length
- 4 letters
- wrap1