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by pmorici
3812 days ago
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There are a lot of banks that will make mortgage loans to an LLC. It isn't common in general though because you would end up paying a higher interest rate (~+2%) since your newly formed LLC doesn't have an established credit record and if you were using the home as your residence you wouldn't be able to deduct the mortgage interest from your taxes. Those to costs would far outweigh any privacy benefit an LLC would afford to the average person. |
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