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Words to Know When Buying a Home - Vendor take-back mortgage (Sometimes called take-back mortgage):
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Words to Know When Buying a Home - Vendor take-back mortgage (Sometimes called take-back mortgage):
The vendor, not a financial institution, finances the mortgage. The title of the property is transferred to the buyer who makes mortgage payments directly to the seller. These types of mortgages, can be helpful if you need a second mortgage to buy a home.

Posted on: 2016/1/6 20:52
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