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Commercial vendor take-back mortgage loan

The commercial vendor take-back mortgage loan is the type of mortgage loan you get when the person selling you your commercial real estate (the vendor) is also lending you some of the money to buy their real estate.

Vendor take-back mortgage loans give you more negotiable mortgage loan terms and conditions than other types of commercial mortgage loans. Because your lender is also the one selling you the commercial real estate - they really want you to buy it and are willing to negotiate with you. For example, you can negotiate your commercial mortgage loan rates, terms, payments etc. with them.

With a vendor take-back mortgage loan, your negotiable terms and conditions can make it easy for you to start becoming an owner of commercial real estate. Your negotiable terms and conditions can also make it easy for you to own commercial real estate to rent-out, lease-out or develop for resale. So this type of mortgage can make you money!

Venturing for a line of credit?

The negotiable terms and conditions this mortgage's "vendor take-back qualities" provide, can make it easy for you to get a line of credit. Even easier than a bank line of credit.

Very keen on debt consolidation?

Negotiable mortgage loan terms and conditions from this mortgage, can make it easy for you to get commercial mortgage loan payments that are less than your current credit card or loan payments.

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Get more information about commercial vendor take-back mortgage loans

More information about commercial vendor take-back mortgage loans

Terms for vendor take-back mortgage loans:

If you use institutional lenders, you can get short terms (6 months to 5 years) for a vendor-take back mortgage loan. Or, if you use private lenders, you can get short terms and long terms (6 years to 18 years) for a vendor-take back mortgage loan.

Amortization for vendor take-back mortgage loans:

No matter if you use an institutional lender, or a private lender, you can get a 5-25 year amortization for this type of mortgage loan.

Payments for vendor take-back mortgage loans:

How can you pay-off vendor take-back mortgage loans? Whether you use an institutional or private lender, you can use interest only, straight-line principal reduction and constant payments.

Rates for vendor take-back mortgage loans:

The institutional rates you can get for vendor take-back mortgage loans, include fixed, adjustable, capped and convertible rates. And the private rates you can get for this mortgage loan type include fixed, adjustable and convertible rates.

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Hey - want to find out what some of these mortgage loan terms mean? Look at the mortgage glossary.

Want to find out more about vendor take-back mortgage loans? Then contact The Mortgage Store Online's brokers by using the contact form or by calling them at 1-866-674-0548.

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