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A Wave of Zoning Law Changes Could Have Huge Impacts for Investors and Housing—Here’s What You Need to Know
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HomeForumsMortgage Brokers & LendersPersonally guaranteeing a mortgage and buying a new house
Michael Blakeney's profile image
Michael Blakeney's profile image
Michael Blakeney
  • Rental Property Investor
  • from Ridley Park, Pennsylvania
  • Member since Dec 11, 2014
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Michael Blakeney's profile image
Michael Blakeney's profile image
Michael Blakeney
  • Rental Property Investor
  • from Ridley Park, Pennsylvania
  • Member since Dec 11, 2014
Connect
Michael Blakeney
  • Rental Property Investor
  • Ridley Park, PA
8
Votes |
24
Posts
Mortgage Brokers & Lenders

Personally guaranteeing a mortgage and buying a new house

Michael Blakeney
  • Rental Property Investor
  • Ridley Park, PA
Posted Aug 28 2019, 08:05

We are looking to buy a new house to live in. Preapproved and ready to go.

We also have an LLC with a rental and just took a fix and flip loan and applied for a 30 year loan.

Would personally guaranteeing the LLC loan effect the ability to buy the new house for what we have been qualified for? I don't think so but I wanted to see if anyone had experience with this. We can obviously wait the 45 days until we close on our primary house but I'm curious.

Thanks in advance!

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