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Updated almost 2 years ago,

User Stats

8
Posts
6
Votes
Karac Davis
6
Votes |
8
Posts

Changing House from my name to LLC

Karac Davis
Posted

I have a townhouse I’m living in I got for 180k. The rate is 2.75. I have like 25k of it paid off. My wife and I want to move out and keep it as a rental. How can I get it changed to an llc for liability purposes? Citizens bank (where my mortgage is) said I’d have to refinance to put the mortgage in an llc. I don’t want to lose the 2.75%.   Can I keep the mortgage responsibilities in my name, but get eh actually title/deed changed so that the llc would own the house eventually and a tenant couldn’t ever  come after me personally. My wife and I plan to make every rental its own llc in the future. 

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