Paying mortgage on a former personal residence turned rental under an LLC

[Dean Valadez]

Hi! I've read various ways to go about this, but wanted experienced insight. I turned my former personal residence into a rental and have it listed as such, with occupancy coming up within the month. I also have this property now set up under an LLC. Up to this point, I have been paying for the mortgage out of my personal account, but moving forward, will pay from my LLC's business account. Should I:

1.) Not call the lender and just start paying from my business account. I realize they might want to call the loan due if they see a business paying for it and make me pay the remainder. I have only $45k left on the loan and can scrap the funds together to pay it, however, I wish not since the loan is at 3%, and I can use that $45k for other properties to not pay as much of the 7% interest rate loan I would need.

2.) Call the lender and tell them they will receive payments from an LLC. They might not care since I have been a solid paying customer for the decade and a half of having the loan. Or they might call it due still anyways. Note: this current lender bought the loan from the previous lender, so the current lender has received my payments for about 3-4 years now.

Let me know your thoughts! Thanks much