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Updated almost 4 years ago on . Most recent reply
Pre-Approval / LLC Confusion
So I just recently formed an LLC and would like to know how much I can borrow. When getting pre-approved, do you have to do it personally or can you go through your LLC? Or should it be done with private/money lenders and then refinance afterwards? Looking forward hearing the responses. Thank you and really appreciate it!
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Stephanie P.
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Stephanie P.
#5 Mortgage Brokers & Lenders Contributor
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- Washington, DC Mortgage Lender/Broker
Why do the LLC? Umbrella liability policies that cover real estate are a lot less expensive and borrowing conventional money is usually cheaper than commercial.