最終更新日
：2023/09/05
wraparound mortgage
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.
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.
意味（1）
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.
復習用の問題
正解を見る
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.
A wraparound mortgage is a type of loan that allows a borrower to take out a second mortgage to help cover the cost of their first mortgage.
正解を見る
A wraparound mortgage is a type of loan that allows a borrower to take out a second mortgage to help cover the cost of their first mortgage.
English Dictionary
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