Pre-Approval / LLC Confusion

[Account Closed]

So I just recently formed an LLC and would like to know how much I can borrow. When getting pre-approved, do you have to do it personally or can you go through your LLC? Or should it be done with private/money lenders and then refinance afterwards? Looking forward hearing the responses. Thank you and really appreciate it!

[Stephanie P.]

Originally posted by @Account Closed:

So I just recently formed an LLC and would like to know how much I can borrow. When getting pre-approved, do you have to do it personally or can you go through your LLC? Or should it be done with private/money lenders and then refinance afterwards? Looking forward hearing the responses. Thank you and really appreciate it!

Why do the LLC? Umbrella liability policies that cover real estate are a lot less expensive and borrowing conventional money is usually cheaper than commercial.