A second mortgage which leaves the original mortgage in place. The wraparound mortgage is held by the lending institution as security for the total mortgage debt. The borrower makes payments on both loans to the wraparound lender, who in turn makes payments on the original primary mortgage.
Raleigh Luxury Living Team Member
Linda grew up in Wisconsin, moved to Florida, and found her happy middle ground in 1991, moving to Raleigh. Linda spent 20 years in the airline industry and has been in real estate for 14 years. In her career, she has sold over 300 million dollars worth of real estate.
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