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Podcast: Mortgage Note Investing Weekly
Episode: EP93: Breaking Down the Details on Wraps
Description: In this episode, we're going to dive into the topic of mortgage note wraps.For those who are not familiar, a mortgage note wrap, also known as a wraparound mortgage, is a type of financing where an existing mortgage is combined with a new mortgage to create a new loan. The new mortgage "wraps" around the existing mortgage, and the borrower makes payments to the new lender, who then pays the original lender.During this episode, we'll explore how mortgage note wraps work, the advantages and risks associated with them, as well as the legal...