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Updated over 5 years ago,
Does Closing in an LLC Affect Personal Credit or DTI?
I am refinancing a BRRRR that is nearly complete. I purchased in an existing LLC I had and would like to close in the same one. I always thought that closing in an LLC meant that it wouldn't go against your personal DTI or credit. I am getting mixed answers from various lenders/ seasoned investors. Perhaps it's the underlying loan product that makes the difference. Does anyone have any more clarity on this?
For clarification, I want to close in an LLC but DO Not want it to affect my personal DTI or credit. Thank you.