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Updated over 6 years ago,
LLC mortgage then buy Personal Residence
My wife and I are set to close on our first purchase in 2 weeks. We would also like to set a contract to build a home with a personal mortgage as well. Does the LLC loan count against our ability to qualify for a personal residence? The LLC loan is a commercial loan from a local bank. Going conventional financing route for the personal residence.
Thanks in advance for your help.