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Updated over 1 year ago,
Property currently in LLC need to refinance to Personal Mortgage - Issues
Hey Everyone,
So i was doing a flip which i purchased with a hard money loan under my LLC like i do 99% of the time. After renovating the property, i decided to keep it to myself and live in it.. Currently, im trying to get out of the hard money loan and go into a 30-year conventional mortgage under my personal name.
Most traditional mortgage lenders (loan depot, rocket mortgage etc) are giving me issues because the property is currently under an LLC and not in my personal name. How does everyone get around this? I own the LLC.
Thank you!!