Updated over 7 years ago on . Most recent reply
Question about refi with LLC
If you cash out refinance your personal home which is under your individual LLC, and the loan is under your name and not the LLC, will rates and terms be the same if it is not under an LLC?
Looking for favorable terms.
I was advised it would be the same since the loan is under my name and not the LLC.
Most Popular Reply
The rates will be higher if you cash out refinance under an LLC.
The conventional Fannie/Freddie programs do not allow LLC's.
Unfortunately they have the best rates and terms.
Refinancing under an LLC will require a commercial loan.
Those rates and terms will be less favorable than conventional.