Finance
What is a 'wraparound mortgage' in Idaho real estate?
AA mortgage that covers multiple properties
BA form of seller financing that 'wraps' an existing mortgage; the seller receives payments from the buyer and continues paying the underlying loan✓ Correct
CA mortgage with a co-signer
DA refinance that replaces an existing mortgage
Explanation
A wraparound mortgage is a seller-financing technique where the seller holds a new, larger mortgage that includes the existing underlying loan. The buyer pays the seller, who continues to pay the existing lender.
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