Wrap Mortgage Checklist
Structure wraparound mortgages with proper servicing, payment waterfalls, and due-on-sale protections.
How the Wrap Mortgage Checklist Works
Walk through every step of structuring a wraparound mortgage — from identifying the right property and calculating the interest rate spread to setting up third-party loan servicing and monitoring the underlying loan.
- Calculate the interest rate spread and payment differential
- Draft AITD terms with proper due-on-sale disclosures
- Set up the payment waterfall through a third-party servicer
- Monitor the underlying loan for changes or acceleration
Why This Matters
Wrap mortgages are among the most complex creative financing structures. The buyer pays the seller on a larger note while the seller continues paying the underlying smaller note. Without a systematic checklist, critical steps like payment waterfall setup and due-on-sale disclosures are easily missed — exposing both parties to serious financial risk.
- Protect against the #1 wrap risk: seller failing to pay the underlying loan
- Ensure full legal compliance with state disclosure requirements
- Structure deals that work for both buyer and seller
Sample Output
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