How Will A Trust Affect My Mortgage?Oct 28 2013
When purchasing or refinancing on a property, you may be wondering what the benefit and impact a trust will have on the process. It is important that you are clear with your mortgage professional from the beginning of the mortgage process of your intentions with regard to your trust and your home.
The impact of trusts on any mortgage transaction depends entirely on the conditions outlined in the trust. That’s why, for this week’s Mortgage Monday article, we discuss the different types of trusts that can impact your mortgage and how best to gain all the benefits of your trust on your mortgage.