Real Estate Glossary | What is Wraparound Mortgage??

Q: What is Wraparound Mortgage?

A wraparound mortgage is a type of financing that allows a borrower to take out a new loan to pay off an existing loan, while also including additional funds for other purposes, such as home improvements or debt consolidation. The new loan, or wraparound loan, includes the unpaid balance of the original loan and an additional amount, which is secured by a mortgage on the property. The borrower makes payments on the wraparound loan to the new lender, who in turn, makes payments on the original loan to the original lender. This type of loan can be useful for borrowers who have difficulty qualifying for a traditional mortgage but Wraparound mortgage is not legal in all states.

Our solutions

beycome™

Legal

Stay Connected with us

Stay Connected

Beycome Florida:
400 NW 26th St,
Miami, FL 33127

Beycome Office:
5701 Sunset Dr #224,
South Miami, FL 33143

Beycome Contact:
804-656-5007
[email protected]
Schedule a call

By searching, you agree to the Terms and Conditions and our Privacy Policy.
IDX information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information is updated daily. All information provided is deemed reliable but is not guaranteed accurate and should be independently verified.

The availability of services and savings can vary by state. See more Information about our services for program details.

Beycome Corp. works with real estate brokerages licensed to do business in multiple states across the country. Beycome Brokerage Realty LLC d/b/a beycome.com is a real estate brokerage licensed to do business in AL, GA, IL, MI, MN, NC, SC and TX. Beycome of Florida LLC d/b/a beycome.com is a real estate brokerage licensed to do business in Fl. Beycome of Connecticut LLC d/b/a beycome.com is a real estate brokerage licensed to do business in CT. A list of our licenses is available here.

Beycome Title LLC, Beycome Brokerage Realty and Beycome of Florida have a business relationship in that all are owned by the same persons.

CalBRE #01737574.TREC: Info About Brokerage Services, Consumer Protection Notice