How to take a loan in your name and move it to a LLC

[Jonathan Gragg]

Just curious as to how to move your mortage loan on your property in to a LLC out of your name. I refinanced and in the documents said if I was to move this into another name such as a LLC they can call the loan.

[Jaysen Medhurst]

Did you go with a portfolio lender or did the bank sell the loan and now just service it, @Jonathan Gragg? I ask because the vast majority of residential mortgages in the U.S. get sold to Fannie or Freddie. Fannie Mae explicitly allows you to move title to a LLC.

If the bank kept the mortgage on their books, you're out of luck. Their loan, their rules. Get an umbrella policy to provide some additional protection.