Adding a home to LLC

[Patrick Mullin]

Hi, 

We are finally getting to the point where we will be renting out our current home and we have LLCs for our other business and the questions is should a we create an LLC for this property and if so are we going to have to refinance? Our current rate is in the 3's I'd had to knee cap myself by having to refi just for an LLC. Would an umbrella policy be better until rates come down? I've seen mixed answers to this, some say I just need to deed and others say I will have to refi.

Best regards,