LLC Paying the Mortgage in My Name

[Jennifer Alcide]

Hello,

I have a question about LLCs and how to pay the mortgage. I purchased a property in my name and decided to rent it out. I have just created an LLC for the property, but the mortgage is still in my name.

Can I have the LLC pay the mortgage even though it is in my name, or should I call the lender and ask them to add the LLC to the mortgage? How exactly will that work.

Any help would be very appreciated.

Thank you,

Jennifer 

[Steve Vaughan]

The mortgage co probably won't care if your LLC makes the payments. Better to beg forgiveness than ask permission here. Do not call and ask to have your LLC added to the mortgage. You will be calling a cubicle dweller in whatever country that is apathetic and uninformed and you will scare them! At tax time, just don't try and deduct mortgage interest for your LLC. Take it personally. Good luck @Jennifer Alcide!