Finance
A wraparound mortgage involves:
AA loan that covers multiple properties
BA new mortgage that encompasses an existing mortgage, with the seller continuing to service the original loan✓ Correct
CA government program for underwater borrowers
DA mortgage that adjusts with inflation
Explanation
A wraparound (all-inclusive) mortgage is a junior mortgage that wraps around an existing first mortgage; the buyer pays the seller on the wraparound, and the seller continues making payments on the original loan.
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