Mortgage & Commercial Lending News.

Houston's premier blog for all things related to Commercial and Residential Hard Money Loans.


How Wraparound Mortgages and Hard Money Loans come together.

Posted by Jim Emerson

Mar 2, 2017 12:00:00 PM

You may or may not have heard of this term before but a wraparound mortgage or “wrap” is a form of secondary financing for the purchase of real estate property.  The seller/lender extends to the buyer a junior mortgage which wraps around an existing mortgage,  typically the bank or the seller of the real property assumes the payment of the existing mortgage and provides the borrower with a new larger loan, usually at a higher interest rate.

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Topics: Hard Money, Hard Money Loans, hard money lenders, wraparound mortgages


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