Posted by Russ Sims on October 24, 2003 at 13:22:21:
You might want to talk with another mortgage broker. If the home is in an LLC, and you are a principal member of that LLC, you should be able to refinance. We’ve done this a couple of times. Call mortgage brokers and tell them your situation…that you’d like to know if they can do an unseasoned refi.
Another way to do this is to have your friend deed it into a trust, making you the beneficiary. Once the refi is done assign your beneficial interest to the LLC. You also might want to ask this question on the financing forum…