What is the definition of Wraparound mortgage? | Dictionary.net

WRAPAROUND MORTGAGE

\ɹˈapɐɹˌa͡ʊnd mˈɔːɡɪd͡ʒ], \ɹˈapɐɹˌa‍ʊnd mˈɔːɡɪd‍ʒ], \ɹ_ˈa_p_ɐ_ɹ_ˌaʊ_n_d m_ˈɔː_ɡ_ɪ_dʒ]\

Definitions of WRAPAROUND MORTGAGE

1910 - Black's Law Dictionary (2nd edition)

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Alternate method to refinancing the whole mortgage. Sum is added to old mortgage and one repayment amount is paid.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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