The often discussed VTB.

[PaulPoulsen]

I`m hoping to use a VTB to purchase our next property. MyREINSpace has tons of great info but there`s one question I can`t seem to find anywhere: Should I be prepared to pay a premium for the VTB? I`m not talking about the money that the vendor will be carrying; I`m referring to the first mortgage. As a first mortgage with a VTB component could be considered exotic, should I expect to pay the bank a premium or a fee (perhaps a higher interest rate)?

How difficult is it to find a lender that`ll allow a VTB component in this current economic climate? Is it still a viable option?

And what length of amortization am I looking at? 25 years? 40 years? In between?

Thanks in advance for your guidance.