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LLC and owner occupied
Hey guys,
just met with one potential mortgage lender today and when asking if I can get a loan under an LLC the lender replied "no that's not possible". Is that correct?
the property I will be buying WILL be owner occupied and is not an investment property (well not according to the bank at least).
I am assuming if it will be owner occupied then I cannot get it under an LLC? how about when I move out (and the mortgage is still not paid) can I put it under an LLC then or would I have to refinance?
please advise