Follow Us:

Blog

Home Blog
what is a wraparound mortgage

What is a wraparound mortgage?

A wraparound mortgage, also known as a carry-back loan, is a form of the owner or seller financing in which the buyer gets a mortgage that includes, or “wraps” the existing mortgage the seller has on the property. The buyer makes one payment to the seller, which the seller used in part to pay th...
Read More
what is a mortgage statement

What is a mortgage statement?

What is a mortgage statement? A mortgage statement is a document that is given by the lender to the borrower. Just like credit card statement, a mortgage statement includes some information regarding your status of the loan. And some other like; monthly payment summary. It tells you how much money y...
Read More