Sandi Dodge Owner/Broker
Sandi Dodge Owner/Broker
(603) 616-1750
Servicing the North Country of New Hampshire
Office:603-837-9500
Fax:603-837-9500




Real Estate Glossary

  Wraparound Mortgage

A mortgage that includes the remaining balance on an existing first mortgage plus an additional amount requested by the mortgagor. Full payments on both mortgages are made to the wraparound mortgagee, who then forwards the payments on the first mortgage to the first mortgagee.

 

[ Back To Real Estate Glossary ]