Title under LLC OR Mortgage under LLC? Pros & Cons. I’m confused.

[John Lee]

I'm having difficulty getting a mortgage under an LLC. Even with a personal guarantee, I am getting horrible rates and some saying that I can get it. When I called up my lender (Well Fargo) they said I can't refinance under an LLC but I can transfer my title under an LLC but the mortgage would still stay under me.

I was wondering if anyone can talk about the pros and cons of if I just put the title in an LLC – taxes, liability etc. The rental contract for the tenants will be with the LLC but the mortgage is still under my name. My biggest thing is liability protection. I'll also have an umbrella policy but I want protection through the LLC.

Also, if I personally guarantee a loan, does it still show up on my credit report?