Wraparound Mortgage

Berikut ini adalah pengertian “Wraparound Mortgage” yang terdapat dalam Bank, dsb. Artinya dijelaskan secara umum yang terkadang maksudnya tidak terlalu terikat dengan topik utama yang bersangkutan (kecuali istilahnya memang khas pada bidang/subjek bisnis tertentu).

 

Arti wraparound mortgage Dalam Bank
wraparound mortgage; A second mortgage that takes over the first. The first mortgage loan is not paid off. Instead, the borrower makes payments to the second mortgage lender for the debt service of both the first and second liens. The second lien holder then makes the payments to the first lien holder. This type of mortgage is used when the borrower is unwilling or unable to refinance the first mortgage. Prepayment of the first mortgage may be prohibited or may be subject to high penalties. Alternatively, the first mortgage may have a very attractive fixed rate of interest. The wraparound arrangement permits the borrower to leave the first mortgage intact while giving more control to the lender willing to make the second mortgage.
wraparound mortgage; An arrangement, wherein existing mortgage is refinanced with more money, with a rate of interest ranging between the old rates and current market rates.

 

Semoga informasi peristilahan kamus bisnis singkat ini cukup bermanfaat dan bermakna, serta menambah wawasan pengunjung website Glosarium.org dalam kosa kata yang ada pada Bank, dsb. Dan, mohon maaf tidak ada penjelasan detail karena konsep website ini hanya sebagai bahan pengingat dan contekan semata.