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Updated almost 4 years ago,
Newbie question about a refi into LLC
Hi
Longtime lurker, first time posting!
Currently live in a 2/2 condo on a traditonal 30 year fixed mortgage.
Planning to move but want to maintain this condo as a rental property.
I understand that I need to transfer the title from my name into an LLC for liability protection.
But my lender will not let me re-title the mortgage, so I need to refi into LLCs name as well. I understand this is common.
What are some good lenders to shop to do this? A quick google search found me, Northpointe Bank, Quicken Loans, and LendingOne. But I am sure many of you have experience here.
Thanks in advance!