Have 10 mortgages currently need ideas

[Melissa Bains]

Hello I have 9 rentals and 1 personal home loan. We have had these a long time and they are all due to be paid off in 9 years. My goal is to get them out of either my or my husbands name so that person could qualify for 9 more 15 or 30 year mortgages. My bank will do a commercial loan at 4.75 for all these but it's only fixed for 5 years. I looked into refinancing with a bank for 15 years loans ( I would still pay off in 9 years) but closing cost are about $4000 each (yikes) my current interest rate is 4.125 and new rate would be 3.625 but after rolling in cc I would pay $15 or $20 more for each house. I talked to my banker about putting these in a LLC to hopefully open up the 9 so I could qualify for home loans again and he said they may stay on my credit report and still make it difficult to get other home loans. My main objective is to be able to purchase more buy and hold homes with fixed rate 15 or 30 years loans. Any help appreciated.