Finance
An 'all-inclusive' or 'wraparound' mortgage is most commonly used in:
ANew construction financing
BSeller-financed transactions where the seller retains an existing loan✓ Correct
CFHA refinances
DCommercial construction lending
Explanation
A wraparound mortgage is used in seller-financed transactions. The buyer makes one payment to the seller who continues paying the underlying (wrapped) loan.
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