Tuesday, August 16, 2011

If i get business equity line of credit, will it show my name in credit report or my business name?

I bought my second home cash using the equity line from my first house.Then I opened equity line on my second home and bought third home using that money. I bought my fourth home using the same formula. Now my fourth home is free and clear and I think the bank may be reluctant to open equity line of credit on my free and clear home, as my credit report will show too much loan. If I make LLC for the fourth home and get business line of credit, I know I will be the grantor, will my name show on the credit report. Will it be easier way to open line of credit?

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