Wrap Around Mortgage

What is a Wrap Around Mortgage?

It is a creative finance selling strategy that allows you to get the price you want for the home while leaving your existing mortgage in place and allowing the new buyer to have a loan to you for the difference, allowing you to be the bank!

Four Reason to Do a Wrap

1. You can sell quickly. No banks are involved
2. You get mailbox money without having to be a landlord
3. You get the price you want
4. It’s a simple, fast way to sell a property

No repairs are needed. All the paperwork will be handled by the investor or the closing agent. No commissions or closing costs are typically associated with this type of sale, and since there are no banks involved, the approval process is as easy as a few conversations between you and the buyer.