Скачать или смотреть What Is A Wrap-Around Mortgage? - CreditGuide360.com

What Is A Wrap-Around Mortgage? In this informative video, we discuss the concept of wrap-around mortgages and how they function as an alternative financing option for homebuyers. We'll explain the basic mechanics behind this type of seller financing, including the arrangement between the buyer and seller and how it can benefit both parties. We will highlight the potential advantages for buyers who may face challenges with traditional mortgage options, as well as the opportunities it presents for sellers looking to earn passive income.

Additionally, we will touch on the risks associated with wrap-around mortgages, particularly concerning original mortgage agreements and the implications of due-on-sale clauses. Understanding these factors is essential for anyone considering this financing method. We will also emphasize the importance of consulting with real estate attorneys to ensure compliance with state laws and to navigate the complexities of this financing arrangement effectively.

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