Costs/Negatives to transfer house deed from my business to personal ownership to get home equity loan?

November 7th, 2009 | by admin |
dougsuessegger asked:


My business owns a home; and I want to transfer that home to myslef, in my own name. The home is paid-off. This will allow me to take out a home-equity loan. Are there costs/tax rammifications? Is there a negative I cannot currently detect? Thank you so much.

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    1. No Responses to “Costs/Negatives to transfer house deed from my business to personal ownership to get home equity loan?”

    2. By Ed Atun on Nov 10, 2009 | Reply

      For the payments very simple.
      The bank wont loan on house in your business name you must make the loan you get tax deduction for the loan you are getting mortgage not the bank wont loan on.
      The bank wont loan you must make the payments very simple.

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