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What is the opposite of wraparound mortgage?

We do not currently know of any antonyms for wraparound mortgage.

The noun wraparound mortgage is defined as:

  • 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.
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