How To Use Business Credit To Buy Real Estate
It’s no secret that building solid business credit is a smart move for any business owner—this also includes real estate investors and homebuyers. Good business credit has its perks, too. This primarily includes qualifying for commercial loans in your company’s name, and with good interest rates. When you apply for financing in an investment property loan, lenders will often check personal credit reports and scores. As such, maintaining good personal credit will help you secure better terms and lower rates. This comes with a higher level of risk, as you are putting your name on the loan. With business credit, your level of personal risk is lowered. Rather than checking personal credit information, lenders will review your business credit instead.