Aloha is the only name that shows up in the public record as owner of the loan.Wrt whole notes, ownership of the note and mortgage/DOT is transferred to the investor via an assignment and allonge.I agree w/ @Jay Hinrichs, a 100% secured interest in the loan is safest.I haven't invested with them yet, still considering.

By doing this we qualified for a larger mortgage because we could use the rent from the other tenant to qualify and there are better lending programs when it’s “owner occupied”.  

If you want to connect add me on here and I can send you my link tree that will show upcoming events with investor groups at my mortgage company.

I’d be happy to walk you through the process, from pre-approval to closing, and provide guidance on the best mortgage products for your goals.

Just remember if you want to purchase another one you will need to refinance at an 80% LTV as you can only have one CMHC insured mortgage. 

If I were to approach a seller of a $200k home, and they had a remaining mortgage of $100k, could I get a new bank financed loan for that $100k, and have the seller finance the remaining $100k of equity to me?   

The downside is that these types of properties come with high property values, meaning a large mortgage.

Are some banks better for mortgages than others (in terms of down payment, interest rate, length of mortgage etc.)?

., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?

How much do they want you to to pay, to pay off one of the mortgages (or both of their existing mortgages)?