Commercial loan and after that conventional mortgage

[Aviv Berkovitch]

Hi,

I have a few properties I purchased with cash. At this moment I don't have the option to get a conventional mortgage, but in a year from now I will have the option to that.

My question is, that if I have the option to get now a portfolio commercial loan, and one of the terms of the lender is - personal guaranty.

Will this term, will impact on my ability to get a conventional mortgage to purchase my premier residential in the future or not?

Thanks in advance

Aviv

[Alexander Felice]

Originally posted by @Tarik Turner:

It depends on if the loan is reporting on non reporting. Most portfolio lends do not report against personal credit if the property is held in an LLC

You still have to disclose all your liabilities.