FHA Loan and Mortgage Glossary - Terms Beginning with 'W'
- Warehouse Fee: This is the fee that a lender may charge to borrowers because they have to borrow the money themselves in order to fund the loan, and their interest rate may be higher than the borrower's so they would have to take a loss, but instead they charge this fee to the borrower.
- Wraparound Mortgage This is when a current owner allows the buyer to assume their mortgage by keeping the original mortgage of the owner who then collects payments from the new owner, pays the mortgage, and keeps the remaining amount for themselves.
