buying a franchise

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buying-a-franchise

buying a franchise

 

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Wraparound Mortgage - A creative financial tool

Wraparound mortgage, also called an all inclusive trust deed, is a financing tool where a new mortgage is placed in a subordinate (secondary) position to the original mortgage and the new mortgage includes the unpaid balance of first.

Here's how it works: ** The lender's incentive is to profit from the difference in interest in the two loans.

The wraparound mortgage is a creative way to allow a buyer to purchase property without having to qualify for a loan or to pay closing costs. The contract is made between the buyer and seller with seller remaining on the original mortgage and title.

 

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