LLC on title but personal mortgage?
Hello!
I have seen some posts around this topic, but nothing that definitively answers my questions.
I just talked with a lender that will provide a loan in my name, even if the title for the property holds the name of my (to be created) LLC. I will, of course, get this in writing and run it by my attorney, but always good to have more advice than less!
My questions:
- Has anyone heard of, and/or had success with, this approach before?
- Does the title company / title insurance company typically care that the loan is in my name as opposed to the LLC?
- Are there other problems, either up-front or down-the-road, that this approach may cause? For instance, if they sell this loan to Freddie/Fannie, could I expect some issues?
Thanks!
Chris