Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
50% - Moderately

Vendor Take Back

Synonyms:loan, private funding, seller assistance
Filed Under: financial-banking, mortgages, real-estate
Tags: banking, mortgage, realty

Definition of vendor take back

vendor take back
1. In order to sell a property, the seller will provide all or some of the financing to ensure the transaction.

Related Terms and Acronyms:

  • creative financing   An innovative or unusual way of structuring a home loan that allows the buyer to buy the house.
  • owner financing (O/F, OF, OWN)   A transaction in which the seller lends all or part of the money to the buyer.
  • seller carryback   A form of financing in which the seller of a property accepts a down payment and agrees to accept payments until the property is paid for.
  • vendor   The seller of a property.

Search the Glossary

Best Residential Mortgage Rates
With our low residential mortgage rates, even the best home on your list is easily within your budget. Pay less in interest and increase your principal price range. Apply now!
Best Rates
Our Best Mortgage Calculator Yet
Try out Canada's top rated calculator. Use our mortgage calculator to find the ideal repayment schedule. Add a pre-payment or cash injection and see exactly how it will affect your mortgage.
Top Rated Mortgage Calculator
Compare Today's Best Rates
We have nothing to hide and that's why we post all of Canada's current mortgage rates for you to compare. We strive to maintain our spot at the top of that list each and every day with the best mortgage rate available.
Compare Rates