2nd mortgage, lien, separate contract, include in escrow or private notarized contract between buyer and seller?

I do I open a separate account and pay the bills and mortgage with that account..   

Most banks and lenders will not allow seller held 2nd mortgage/lien. 

We have a single door rental worth about $320,00 that will be paid off on June 1, a half duplex that is worth 260,00 with a $120,000 mortgage and our primary residence is worth $650,00 and has no mortgage.

My company does the following:• Free and simple MLO Licensing (22 hours online or in person and you choose your schedule)• Mortgage team to handle the backend (meaning, no structuring, underwriting or processing loans) • Competitive mortgage rates backed a company with 20+ years in the business• Downline revenue stream on the lending side (similar to EXP model.)• They do not have to change brokeragesIn my mind, there aren't many cons to this.

@Ryan Cleary is the mortgage truly assumable? 

Check out Figure, you do everything on-line and it's quick.

Given that we like skiing as a family activity and wouldn't mind moving to Colorado at some point this seemed like a potential option.Where I'm struggling on this is that it seems that the economics don't really make sense given property prices, mortgage rates, and occupancy.

Hi Everyone,I am looking to use my VA loan to purchase a condo/house with an assumable mortgage.

Come to find out, it's because they want me to use their own mortgage company.