W

W-2: A federal tax document that shows the wages of employees for the entire year. It reports both gross income as well as adjusted gross income (AGI).

Warranty Deed: A deed where the seller guarantees that good title is being conveyed.

Wholesale Lender: A lender who does not work on a retails side, but only with mortgage brokers who usually must submit a detailed package according to the specifications of the lender.

Wraparound Mortgage: A loan that allows the existing loan to continue, but adds an additional loan also.