Purchasing primary home in personal name vs. entity

[Brandon Johnston]

My fiance and I are looking to purchase our first home and I have gotten mixed views on whether we should be purchasing a property in our own names or to put it in an entity. I haven't spoken to a professional yet on the matter but I've heard of the great BP community and the wealth of knowledge here. So yes, I am asking you guys for your advice on which route to go and why. Also with going with an entity, what would that process look like for getting financed? Thank you so muchain advance for your guys and gals help, we really appreciate it.

P.S. if there is another discussion thread that has this info a simple link will be okay as well, I am knew to BP and have only done basic research through the threads.

-Brandon J.

[Ed L.]

I can't think of any reason not to go with your personal name.  Others on here are much better versed in tax law, but I believe you may not be able to receive the mortgage interest tax deduction or qualify for homestead exemption if the property is deeded under a llc.  

I believe most myself included use our LLC's as a barrier between our business assets and our personal assets.