Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago,
Transferring Loan to LLC?
I have my first property in a personal conventional loan and have another property. When trying to pull out home equity via HELOC, the DTI was too high despite everything else looking good. I was thinking of how to move the mortgage out from under my credit. Would a Quit Claim Transfer take care of it followed by a refinance? Wouls it complicate the HELOC if I have it in my LLC (for property)? Is there a better way to reduce DTI so I can get my HELOC for purchasing additional property? How do people get past the 10 mortgage limit of Fannie Mae & Freddy Mac?