What is done in this type of case, is normaly you will have two mortgages, The reason to have only one mortgage is if you already own one unit and you wish to buy another, and use the equity in the first to help offset the valuation in the second. I would advise against one mortgage, If you loose one condo you will loose both... And if you don't want a Duplex, why would you want a condo?? and not a separate house
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