Finance
A wrap-around mortgage in NJ is a financing technique where:
ATwo loans are combined into one new first mortgage
BA new junior mortgage 'wraps around' an existing senior mortgage, with the seller servicing both✓ Correct
CA government agency guarantees the entire loan balance
DThe buyer assumes the seller's loan directly
Explanation
A wraparound mortgage is a junior loan that includes (wraps around) the balance of an existing mortgage; the buyer makes payments to the seller, who continues to pay the original lender.
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