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Account Closed
  • Boston, MA
2
Votes |
46
Posts

LLC registration and mortgage loan

Account Closed
  • Boston, MA
Posted
Hello, When should an investor register for an LLC if they are applying for a mortgage loan? Shouldn’t the LLC be registered before applying for the mortgage loan since the name on the deed will be the LLC?

Most Popular Reply

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9
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3
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Dean Poff ii
  • Lender
  • Kansas City , MO
3
Votes |
9
Posts
Dean Poff ii
  • Lender
  • Kansas City , MO
Replied

I think the easiest order to do this, is to create LLC, get loan in your name, quick claim dead the property to your LLC right after closing. You can do the quick claim deed at the closing table after you've signed the documents. Getting a loan for a residential property for an LLC can be a pain. Good Luck

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