Glossary of Mortgage Terms
Explore commonly used mortgage terms that are frequently used by AmeriSave Mortgage.Warranty Deed
A warranty deed is a legal document that transfers ownership of property from the seller to the buyer. It also guarantees that the seller has clear title to the property, free of liens, encumbrances, or competing claims.
Wraparound Mortgage
A wraparound mortgage is a type of seller financing in which the buyer's new loan "wraps around" the seller's existing mortgage. The buyer makes payments directly to the seller.
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