英语词汇“wraparound mortgage”的英英意思、用法、释义、翻译、读音、例句、短语、词组-英语词典

wraparound mortgage

noun

A second mortgage held by a lender who collects payments on it and the first mortgage from the borrower. The lender makes the payments to the original mortgage holder.John pays $10,000 down and gives Beth a $90,000 note secured by a wraparound mortgage on the home....

A common myth about wraparound mortgages is that you have to pay high interest rates to the financier.
Mortgage tax will now be due and owing on the full amount of a wraparound mortgage made in New York City.

单词	wraparound mortgage
释义	wraparound mortgage noun A second mortgage held by a lender who collects payments on it and the first mortgage from the borrower. The lender makes the payments to the original mortgage holder.John pays $10,000 down and gives Beth a $90,000 note secured by a wraparound mortgage on the home.... A common myth about wraparound mortgages is that you have to pay high interest rates to the financier. Mortgage tax will now be due and owing on the full amount of a wraparound mortgage made in New York City.
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