Vendor Take Back Mortgages


Understanding Vendor Take Back Mortgages: A Simple Guide for Young Canadians

Hello, budding financiers! Today, let’s take a trip into the world of mortgages and housing, and learn about a unique type of mortgage called a “Vendor Take Back” (VTB) mortgage. Sounds cool, right? But, what exactly does it mean? What is a Vendor Take Back Mortgage? First, it’s important to know who a “vendor” is. In this case, the vendor

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