Nov

7

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

Filed Under mortgage 

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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    • Comments

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

    1. Ed Atun on November 10th, 2009 6:56 pm

      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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