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Updated almost 6 years ago,

User Stats

107
Posts
14
Votes
John G.
  • New to Real Estate
  • the US of A
14
Votes |
107
Posts

Help. Mortgage says LLC is a no-no!

John G.
  • New to Real Estate
  • the US of A
Posted
Hi all, I'm purchasing my first property (Milwaukee) and asked my mortgage broker (Chemical Bank) about transferring the deed after the loan is secured. He said I can't do that. And that I'll need commercial lending. Is this something he HAS to say because I emailed him? And I can likely do it and he'll turn the other cheek? Or should I not have asked that? What do I do??? It's a $90 investment. Putting 20% down. Thanks!

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