Would I be able to purchase a home / get a loan in my business name?
Oakland,CA | Feb 8th 2012
by sammie_...
Answer
by jaypatel
by aliersch
Great question. For a traditional purchase loan, you would need to purchase as an individual. After you purchased the property you could transfer title to your business assuming it is not an owner-occupied transaction. In addition, you could have the business purchase via a hard money lender - but be prepared because rates and fees are often outrageous. If you would like to discuss your situation, please feel free to call me at 888-779-6500. Andy Liersch. Feb 8th 2012
by william
This is a very broad question and the responses could be many... Home Loans and business loans are 2 different things.. If you're purchasing a home, then do you intend to use it as a business or live in it?? if you purchase a home and intend to use it as a business, then you have to purchase it as an "Investment" property. Minimum 20% down, you would have to purchase it in your name, and after it closes you can transfer the title to your company. But to be able to answer your question properly, we would need to know what your intentions are with the property... WilliamAcres.com Feb 9th 2012
by ralph@a...
Usually not allowed, especially now a days. To transfer to a business name after the close is a violation of the documents you just signed. Be very careful and seek an attorney's advise before quit claiming. If it were ok to do at anytime then the lender would allow it at the closing table Feb 9th 2012 |
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