Posted On Jul 03, 2024

A Vendor Take-Back (VTB) mortgage is a type of mortgage where the seller of a property provides financing to the buyer.

Instead of the buyer obtaining a mortgage from a traditional lender, the seller acts as the lender and extends a loan to the buyer for a portion of the purchase price. This arrangement can sometimes make it easier for the buyer to purchase the property, while the seller benefits from earning interest on the loan.


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