Helpful Articles
How to refinance real estate that is owned by a trust?
A very common estate planning practice is to draft a trust and title your real estate in the name of the trust. This practice lets the trust “own” your real estate holdings. There are many positive reasons why one would do this. However, if the property owned by the trust has a mortgage with it and you would want to refinance the mortgage it might be confusing. Refinancing real estate that is held in a trust involves a few extra steps compared to refinancing a home owned outright by an individual. Lenders will usually not refinance unless the property comes out of the trust.
