Wire Transfer: Wire transfer is a method of electronically transferring money from one financial institution to another. In real estate, the money used to “fund” a loan are usually wired from one lender to the title company being used on the transaction.

Withdrawal: The money you take from your account by writing a check, handing a teller a withdrawal slip, or using an ATM.

Wrap-Around-Mortgage: A type of “creative financing” where a seller sells his real estate to a buyer but does not notify any current lender that this has occurred. The Seller, or an escrow agency collects payments from the new buyer for the current loan plus any new loan put in place in order for the buyer to purchase the property. Technically, the lender on the first trust deed can call the loan due upon discovery of the new buyer. This type of financing is a bit sketchy and is typically used in times of a tough real estate market. Always get legal advice if you are considering such a transaction. See Acceleration