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Updated over 3 years ago on . Most recent reply

Gary R Uren's profile image
Gary R Uren's profile image
Gary R Uren
  • Member since May 30, 2018
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48
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Gary R Uren's profile image
Gary R Uren's profile image
Gary R Uren
  • Member since May 30, 2018
Connect
Gary R Uren
8
Votes |
48
Posts
Buying & Selling Real Estate

Comercial loan for LLC

Gary R Uren
Posted

I Am trying to buy a house through my LLC. The credit union said I have to use a comercial loan which will be a 30 year loan but the interest will be fixed for 5 years. The interest will adjust every 5 years throughout the loan and after 15 years they will redo the loan to make sure the business is in good condition and can still afford the loan. Is this normal?

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