Meaning Vendor Take-Back Mortgage
What does Vendor Take-Back Mortgage mean? Here you find 4 meanings of the word Vendor Take-Back Mortgage. You can also add a definition of Vendor Take-Back Mortgage yourself
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Vendor Take-Back MortgageThe seller provides all or part of the mortgage financing to sell the property.
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Vendor Take-Back MortgageMortgage financing arranged between the seller of the property and the buyer. Often this type of loan is a second mortgage, which the seller is willing to arrange at below market rates to allow the buyer to purchase the house. Most of these arrangements are not renewable or transferable to the next owner of the house.
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Vendor Take-Back MortgageVendor take-back mortgage is a first or second purchase mortgage that is financed by the home seller. If the buyer doesn't qualify for a traditional mortgage, the seller can finance part or all o [..]
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Vendor Take-Back MortgageA mortgage taken back by the vendor from the purchaser to to facilitate a sale whereby the vendor becomes the mortgagee and the purchaser becomes mortgagor.
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