When the Vendor (aka the seller) of a property is willing to provide some (or all) of the mortgage financing on a property, it is referred to as a Vendor Take Back (VTB). As a real estate investor, I ask for a VTB on most of the deals that I am involved with. As there are significant benefits to both parties involved in the deal, it doesn't hurt to ask the vendor if he/she would be willing to carry the mortgage - even if it's only a smaller 2nd mortgage. Believe me- asking that one simple question could result in an additional $5,000 - $10,000 in financing for you!