Posted by JJ on August 04, 2003 at 01:36:00:
I understand that(although hard to find)some companies will issue a mortgage to a legal entity such as a corportion, LLC, LP, using the entity’s EIN.
Note that they may require that you personally guarantee the loan.
Also note that the LTV is usually very low, 45%, 50% 55% etc.
Can you get a mortgage using your EIN? - Posted by Michael
Posted by Michael on August 03, 2003 at 09:47:00:
Can anyone give me some information on how you can get a mortgage using your business identification number. Any info would be greatly appreciated.
Re: Can you get a mortgage using your EIN? - Posted by James Strange
Posted by James Strange on August 04, 2003 at 03:45:52:
Yes your business can get a mortgage in its name using its EIN. Expect to put down a large down payment.
If you put your name down and use the EIN that will land you in jail.
Don’t belive it do a search on google for EIN and fraud.
Re: Can you get a mortgage using your EIN? - Posted by James Strange
Posted by James Strange on August 03, 2003 at 16:24:57:
That can get you sent to jail.
Re: Can you get a mortgage using your EIN? - Posted by Rob Ricker
Posted by Rob Ricker on August 03, 2003 at 19:24:41:
You’re joking right? I’m sure a business can buy real estate using it’s EIN. A better question would be how difficult is it to actually find a lender that will lend to a corporation, LLC, etc.