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Private Lending & Conventional Mortgage Advice

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David C.
  • Chicago, IL
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39
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Mortage implications of moving rental into LLC

David C.
  • Chicago, IL
Posted Oct 12 2019, 10:07

I have a condo renting with finance from conventional 15 yr fixed i secured at 2.75% when I lived in it. Now i want to change deed to my new LLC, but worried ill have to refinance or it'll alert mortgage company that its no longer my primary home and im renting. Is it possible they might just let me keep what i have and simply change name or will i have to do new finance and face higher rate as it'll be financed as a rental? Or just keep it as is in my personal name? Any ideas, advice before i call mortgage company? Tnx

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