Transferring Property into LLC and Risk for Loan Being Called

[Israel Gross]

Hi,

I currently own a 4 unit building and lived in one of the units until April of 2018. In November of 2016, I refinanced into a fixed 30 year loan (at a fantastic rate), with the requirement that the property would be owner-occupied for at least one year (which I met). My attorney has strongly advised that I transfer this property into a LLC to minimize my liability. However, he stated that technically, the mortgage company can call the loan once the property is transferred. He shared that in his 40+ years of experience none of his clients have had this happened to them, but that loan companies can now monitor deed transfers easier than ever.

I was wondering if anyone has been in a similar situation and had their loan called after such a transfer. I would hate to lose my current rate or be forced to sell the property.  I would also be grateful for any advice that people have on the subject. 

Thank you in advance,

Israel