Can I get a mortgage under a business name?
The short answer is yes.Buying real estate with a corporation can protect you from personal liability and it is a great way to separate business from personal holdings.
Often these are set up to protect a consumer's personal assets in case litigation is brought against his or her business. Setting up a mortgage through a corporation can be challenging, but is not difficult.
You will Need
- Business Articles of Incorporation or Business registration
- Business financial statements
- Business account statements
- Personal and corporate tax returns
- Personal Guarantee…..meaning whoever owns the business must sign off on the mortgage.
- You must be self employed for at least 2 years or more
- Your must put down at least 10% or more as a down payment
- You and the company must have excellent credit
Also, if you are planning to buy a rental investment property it would make financial sense to put in under a corporate company to save on the capital gains when it is time to sell in the future.
Also be an informed client.