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Wilma L,  in San Mateo County, CA

Corporations and Loans

Asked by Wilma L, San Mateo County, CA Mon Oct 26, 2009

Hi, I would like to know if a corporation wanted to buy a home as an investment, how does the loan process work and the terms? Thanks!

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Answers

1
Usually a corporation forms an LLC and the loan is based on the property, downpayment and one of the partners of the LLC. From what one learned from a client of mine, you normally have a large downpayment.

The best person to break it down for you would probably your mortgage professional.

Good luck,

Dave Tap Tapper
Realtor
Cashin Company
http://www.DavidTapper.com
0 votes Thank Flag Link Mon Oct 26, 2009
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