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All Forum Posts by: Eliseo Luna

Eliseo Luna has started 2 posts and replied 3 times.

Mortgage Brokers & Lenders

Post: Loan Question: Transferring Single Family Home to LLC

Eliseo LunaPosted
  • Posts 3
  • Votes 0

Hey guys,

I just want to take the time to say thank you for all your advice and taking time out your day to reply to my post. 

0 Votes
Mortgage Brokers & Lenders

Post: Loan Question: Transferring Single Family Home to LLC

Eliseo LunaPosted
  • Posts 3
  • Votes 0

Hello All!

New to this game and this site! Looking forward to the ride. My question is that I'm moving from my current single family home to a new residential single family home. Planning to rent out Home #1, but would like to transfer the loan from my name into my LLC's name.

The question is in anyone's experience, does this create a brand-new loan or does the loan stay the same (Just the name on the loan changes)? The reason I'm asking is because I bought the house with 3.9% interest rate and was looking to try to keep the rate the same. Have not found much information on this. Would I pay for closing cost again?

0 Votes
Starting Out

Post: Loan Question: Transferring my residential home property to an LLC

Eliseo LunaPosted
  • Posts 3
  • Votes 0

Hello All!

New to this game and this site! Looking forward to the ride. My question is that I'm moving from my current single family home to a new residential single family home. Planning to rent out Home #1, but would like to transfer the loan from my name into my LLC's name.

The question is in anyone's experience, does this create a brand new loan or does the loan stay the same (Just the name on the loan changes)? The reason I'm asking is because I bought the house with 3.9% interest rate and was looking to try to keep the rate the same. Have not found much information on this. Would I pay for closing cost again?

0 Votes
San Antonio, Texas