What is the difference between a conventional mortgage and a high ratio mortgage? What is a vendor

Question:

What is the difference between a conventional mortgage and a high ratio mortgage? What is a vendor take-back mortgage? How does it work?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Personal Finance

ISBN: 978-0134724713

4th Canadian edition

Authors: Jeff Madura, Hardeep Singh Gill

Question Posted: