With a wraparound mortgage:

A. The buyer assumes the mortgage and pays the lender directly
B. The seller makes payments to the buyer, who makes the payments on the underlying loan
C. The buyer makes payments to the seller, who makes the payments on the underlying loan
D. The buyer obtains a loan for the purchase of several properties under one security instrument

Question

MooseWinchester38041 MooseWinchester38041

03-07-2024
Business

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With a wraparound mortgage:

A. The buyer assumes the mortgage and pays the lender directly
B. The seller makes payments to the buyer, who makes the payments on the underlying loan
C. The buyer makes payments to the seller, who makes the payments on the underlying loan
D. The buyer obtains a loan for the purchase of several properties under one security instrument

Sagot :

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