Need synonyms for wraparound mortgage? Here's a list of similar words from our thesaurus that you can use instead.
Noun
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
“When purchasing the house, the buyer agreed to a wraparound mortgage, as the seller provided them with a junior mortgage that supplemented the existing superior mortgages already secured on the property.”
