Which of the following represents a loan that a seller provides to aid the buyer in making a property purchase?

A vendor take-back mortgage is a financial arrangement in which the seller of a property provides financing to the buyer to help them purchase the property. This type of mortgage typically allows the buyer to obtain a loan directly from the seller, which can make it easier for the buyer to secure financing, especially if they struggle to meet traditional lending criteria from banks or financial institutions.

This approach also benefits the seller, as it can help facilitate the sale of the property in situations where a buyer may have limited access to funds. The seller essentially acts as a lender, and the terms, including interest rates and repayment schedules, are usually negotiated between both parties.

In contrast, other options do not involve the seller directly financing the purchase. A home equity loan allows a homeowner to borrow against their property's equity, a term loan is a general type of loan with a fixed repayment schedule, and a charge mortgage refers to a legal claim against the property typically used to secure a loan but doesn’t specifically indicate seller involvement in the financing process.