Due to the high interest rates charged,a vendor take-back mortgage is generally a worse option than a high ratio mortgage.

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A vendor take-back mortgage can be beneficial as it often offers competitive interest rates and terms negotiated directly between the buyer and seller, which can be more favorable than those of high ratio mortgages that typically require insurance premiums due to a lower down payment.

Due to the High Interest Rates Charged,a Vendor Take-Back Mortgage