Which of the following is TRUE concerning wraparound loans? Group of answer choices The wraparound lender...

Which of the following is TRUE concerning wraparound loans?

Group of answer choices

The wraparound lender makes payments on the original loan.

The original lender makes payments on the wraparound loan

The borrower only makes payments on the original loan.

The borrower makes payments on both the original loan and payments on the wraparound loan.

Solutions

Expert Solution

Correct Option-(a) The wraparound lender makes payments on the original loan.

Reson-

In a Wraparound loan the lender or the wraparound lender assumes the responsibility of the existing mortage or the existing loan. Therefore The wraparound lender makes payments on the original loan.

jeff jeffy answered 1 year ago

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