Refinancing Home Mortgage
In: Mortgage Payment
22 Sep 2010We have to start a mortgage 7 years ago at our office in a retail business. A few years later, we have created an LLC for the company.
Then when we closed our business, we kept the name of the LLC, the company has transformed into a stock company. He said now that it is only for a business investment to have a building.
Our ball just right. Set the agreement, the claim in our name change. I explained that we wanted, on behalf LLC. The loan officer said, that would mean a completely new and refinance to the extent that the use of the LLC, and we would have to pay more for an assessment instead of assessing the value that was used.
He then said that it would be easier for an act QuitClaim and the number of the mortgage of the LLC.
I would advise against this. Can I work and it is really to protect our assets if something goes wrong wrong in the future … How would an LLC?
The legal advice and you should not take out a loan officer with no knowledge of these topics.
The tax effects of such decisions, and you need to see a real estate attorney to determine what action to take.
This is about mortgage information questions.
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