We frequently get questions about whether a house inside a revocable living trust can be refinanced. Legal answer? Yes. Practical answer? It depends, and you often get conflicting answers.
Mortgage companies have their own internal rules, and the people who work for those companies often confuse company policy with law. It’s not out of the ordinary for our clients with their house inside their revocable living trust to be told it’s “illegal” to refinance a mortgage on such a house. This video will hopefully dispel some of the myths and explain the basics of refinancing a mortgage on a trust-owned house.
For specific information on revocable living trusts, please check out the free ebook Estate Planning Basics and other materials at www.raleightrusts.com/free
Free Educational Programs and Other Information:
8406 Six Forks Road, Suite 102
Raleigh, NC 27615