Posted on: 24th Jul, 2008 10:26 pm
hi, can someone explain to me what an all inclusive trust deed is? i've read it but am still confused. thanks
Hello.
All Inclusive Deed of Trust is a financial technique which creates a new trust deed. It includes all the due balance of the previous trust deed. This trust deed is also known as wrap around mortgage or wrap-around loan.
All Inclusive Deed of Trust is a financial technique which creates a new trust deed. It includes all the due balance of the previous trust deed. This trust deed is also known as wrap around mortgage or wrap-around loan.
And, as far as I know, no one does them anymore. Lenders anyway, I suppose private investors still might.
Hi Nathan,
Welcome to the forums.
The All Inclusive Deed of Trust or the Wrap-around loan is an assumable mortgage. But you can only go for it if your lender allows you to do so. Know more about wrap-around loans before you choose to deal with it.
Take Care
Welcome to the forums.
The All Inclusive Deed of Trust or the Wrap-around loan is an assumable mortgage. But you can only go for it if your lender allows you to do so. Know more about wrap-around loans before you choose to deal with it.
Take Care