sangfnsgfsd
Brett's Mortgage Blog

Do You Own Property In An LLC?

Good Morning!

Do you or someone you know own property in an LLC?
Did you know FNMA is allowing property owned in an LLC to count towards the 6 months ownership seasoning and can be refinanced?
In order to close the refinance transaction, ownership must be transferred out of the LLC and into the name of the individual borrower or borrowers.
How’s that for a short nugget?
Thanks for reading!
Have a good day!
Brett
Brett Sampson

Recent Posts

Here’s A Cool Calculator That Can Help You Decide If It’s The Right Time To Buy A House…

If you are thinking about buying a house, but you aren’t really sure if it’s…

3 days ago

Maximum Amount The Seller Can Help You By Loan Program…

Here is a breakdown of the maximum seller help amounts by loan program… Program: Conventional…

5 days ago

Two Ways To Help Pay Your Property Taxes…

Your property tax bill usually comes out in late November, or early December. There are…

1 week ago

How To Buy Rental Property Without Proving Income…

If you want to acquire rental properties, but you are having issues proving your income…

2 weeks ago

How To Get A Loan With Foster Care Income…

If you receive money from the State or a County sponsored organization for providing foster…

2 weeks ago

Who Can And Can’t Give A Gift On FHA Loans…

FHA gift questions come up often. I wanted to give you the rules on FHA…

3 weeks ago