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What Is a Wraparound Loan, and Is It Right for You?
What Is a Wraparound Loan, and Is It Right for You?
When you don't qualify for a conventional mortgage, you may think your dreams of homeownership are dashed. But a wraparound loan could be an option.
Erica Sweeney, provided by
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While home buyers might hope that they will qualify for a mortgage from the usual financial institutions, like a bank, they may find that their spotty credit score is an obstacle that prevents them from qualifying. What then? One Plan B may be to get what's known as a wraparound loan.
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