Limited Liability Companies

Finance your home with title in the name of your LLC

Limited liability company (LLC) is an entity formed under state law by filing articles of organization. Unlike a partnership, the members of an LLC are not personally liable for its debts.

Limited Liability Companies can be classed  either as a partnerships or a corporations. A single member LLC may elect to be classed as a corporation or a sole proprietorship.  Normally (for mortgage financing purposes) there can be no more than four members who are all  natural persons.

Documents needed include:

Borrower's Certificate
Certificate of Authority
Resolution that allows the LLC to borrow money
Operation Agreement or Limited Liability Company Agreement with all amendments
Articles of Organization or Certificate of Formation with all amendments
Certificate of Organization, Certificate of Good Standing, or Certificate of Status
Fictitious Business Name Statement or Certification of Name Filing

Above is a brief summary limited liability corporations and lender requirements, additional requirements, limitations and restrictions may apply.

Questions?  Call Bill Meyers toll free at  877-994-9589 or 239-566-8484 or e-mail bill@marcoislandmortgage.com

This website is not a solicitation for mortgage brokers
Rates vary with geographic location, lender, transaction type, credit scores and other factors
APR is abbreviation for annual percentage rate
Rates change frequently and these rates may not reflect the latest market conditions
Expressed interest rate may change or be unavailable at commitment or closing
Most rates based on primary residence, purchase transaction
Cash out refinance rates may be slightly higher
Some loans may have pre-payment penalties
Rates on some programs may require higher down payments
This is only a brief summary of rates and programs and possible fees, call for additional information on underwriting requirements
and program limitations.  Guidelines and rates posted here are general in nature and subject to change without notice. 
Rates must be locked by phone or in person.
Mortgage calculators are believed to be accurate but results are not guaranteed
All information published on this web site is believed to be accurate but cannot be guaranteed, errors may occur
This site has been built and is maintained by Bill Meyers

Bill Meyers is employed as a  mortgage loan consultant for one of the nation's largest residential lenders.  Bill works as an employee and not a mortgage broker.  This is Bill's personal web site and not the official web site of  any bank or mortgage company.  Please consider all information posted on this site to be general in nature and representative of mortgage rates and policies that may be available from various sources.  Bill is located on Marco Island Florida.  Bill can be reached on his cell phone at (239)566-8484

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