Solutions

Solutions

This section is designed to answer your burning mortgage questions and address everything from basic mortgage definitions to more complex insurance options.

Mortgage Glossary

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V

Vendor Take Back Mortgage

Mortgage financing arranged between the seller of the property and the buyer. The title is transferred to the buyer. Often this type of loan is a second mortgage which the seller is willing to arrange at below market rates to ensure the buyer can purchase the house. Most of these arrangements are not renewable or transferable to the next owner of the house.



Location

UNIT 102, 2016 SHERWOOD DRIVE
Sherwood Park, Alberta
T8A3X3