doing business as mortgage bonds have less interst?

Deal Score0

someone said it is better to use corporate bonds, but if the interest on the cards as buinsess 9-11% then wouldnt it be better to use a mortgage at an interest rate 5-6%? you a mortgage for your business? The use of tax identification number (EIN) number of my business is to Borring and not my personal credit?

3 Comments
  1. Reply
    curmudgeon
    May 3, 2011 at 12:24 am

    mortgages tend to have the lowest interest of all loans.

  2. Reply
    cwald888
    May 3, 2011 at 12:30 am

    Normally no. One reason they might have said it was better to use corporate credit, is not because it has a lower interest rate, but because the corporation’s credit is not reported on your personal credit. You can get a mortgage using your corporation’s credit score, assuming it is for real property that the corporation is buying in it’s name.

  3. Reply
    Jo Blo
    May 3, 2011 at 12:35 am

    no
    yes
    depends, not usually. Wal Mart can get credit at low interest rate, but Jo’s Inc. would pay high rate and need personal guarantee.

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