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Is it possible to get a mortgage loan in a business name using the tax id number of that business? |
The business is a sole proprietorship w/the owner having excellent credit. The business is real estate. Yes, of course a business can get a mortgage. What effects whether they do it or not has to do with the members of the business, their indivdual financials, and the financials of the company. Yes, commercial loans are slightly higher, but very possible. Source(s): Principal investor Getting a mortgage loan in business name is usually more expensive, plus they are usually set up as 5 - 10 yr loans with a balloon payment at the end. Yes, if the mortgage is for business purposes, you can get a Stated loan for 95% I can help! msmith@premierloangroup.com Marty I am online now Not getting normal rates and terms. Unless you have a really really good relationship with a bank, the answer is no. A typical lender is not going to want to have a note with a company being liable. A company can close at any time, levaing the lender high and dry. If this is a commercial loan, you can purchase commercial property in the name of a company. 5 year mortgage broker |
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