Can you transfer your house title into an established corporation and refinance it using your corporation.?

Oscar Wieland: Yes! It would have to be quit claimed to the corporation and then it could be refinanced. Due to it being owned by the corporation, you will be getting a higher rate due to it being a commercial loan though.

Toby Caswell: Sure, you could, but not sure why...- Unless its a property holding LLC, you'll be tying up the assets of this "established" corporation with this debt. If the "established" corporation has no other assets, this may not be an issue, but you also may not be able to obtain the necessary financing. - You'll probably pay a higher interest rate than you would as an individual since it will be a commercial/investor loan on a non-owner-occupied property.- The property tax rate may go up significantly since the property will no longer be owner-occupied.- You'll lose the personal tax deduction on mortgage interest and property taxes. The corporation will receive some tax benefits, but the tax rate may be lower and the corporation may not ! need these extra deductions.- Insurance costs may also increase since the property is no longer owner-occupied.You can certainly do it, but it will have some positive and negative consequences...Show more

Neville Dautremont: If you owe mony on a loan, the loan would need to be paid off. You would also need to sell the house to the corporation, otherwise you are mixing assests and the corporation protection veil has been pierced. This means that if anyone ever decides to sue you or the corporation, assets of both are considered to be one and the same.The corporation would then need to rent the property back to you or another person. You are opening a can of worms....Show more

Eldridge Rieves: 1 I don't hate corporations, I am just wary of power that is not checked and balanced like the US Constitution does with political power. Sure instead of buying my food at the Safeway or Krogers I could go shop at the H.G. Chaffee, Skaggs, Arizona Grocery, Pay’n Takit, New! way, Sanitary Grocery, Piggly Wiggly, Eastern Stores, Bird Gro! cery Stores, Sun Grocey, macMarr Stores, Daniel Reeves, national Grocery, Thriftway,Baker’s, Bell Markets, Cala Foods, City Markets, Dillons, Food 4 Less, Fred Meyer, Fry’s, Hilander, JayC Food, King Soopers, Fresh Fare, Gerbes, Kwik Shop, Loaf ‘N jug, Owen’s market, Pay Less Food markets, Quality Food Centers, Quik Stop, Palphs, Scott’s Food Smith’s Food,Turkey Hill or hence and Pillot.. Oh, no I can't they are all the same 2 corportation....Show more

Benny Stehno: If the house has a mortgage on it currently then transferring it into a company name or any other name violates the mortgage agreement. The lender most likely won't care as long as payments continue to be made. Corporations have a harder time getting financing than individuals, unless it's a large corporation and has been around for a while. Find out if the Corporation can get the financing before changing the title to the house.