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Yes, a trust can be used for a refinance, but it depends on the lender's policies and the type of trust involved. Many lenders will allow refinancing of properties held in revocable living trusts, as these trusts are often seen as an extension of the individual borrower. However, some lenders may have restrictions or require additional documentation for irrevocable trusts. It's essential to consult with both legal and financial professionals to ensure compliance with all requirements.
What else can I help you with?
Can you please define refinance loans?
Refinance Loans are loans that are used from the equity in the home. the money from a refinance loan can be used to pay off bills or maybe you can have it set back for a day that it will truly be needed.
Can you refinance a home in a irrevocable trust?
http://en.allexperts.com/q/Real-Estate-Home-1842/Refinancing-Trust.htm
Which banks offer a mortgage for home refinance?
There are a wide variety of banks which offer a home mortgage refinance. Some banks that offer refinancing of home mortgage loans include Bank of America, Sun Trust, and Wells Fargo.
What is the current car value for refinance?
The current car value for refinance is the estimated worth of your car that will be used as collateral for a new loan.
When you refinance a property does the original basis change?
The original loan amount, interest rate, program, etc will change if you decided to refinance a property. A new deed of trust is recorded with all changes made. Veronica Rodrigues Voyage Home Loans
What is a no cost refinance used to do?
There is a myth surrounding the idea of "No Cost Refinance." The Forbes website notes that there are always costs associated when one chooses to refinance.
Can you please define refinance loans?
Refinance Loans are loans that are used from the equity in the home. the money from a refinance loan can be used to pay off bills or maybe you can have it set back for a day that it will truly be needed.
Can you refinance a home in a irrevocable trust?
http://en.allexperts.com/q/Real-Estate-Home-1842/Refinancing-Trust.htm
What are the average rates to refinance a used car loan?
There are several average rates to refinance a used car loan. The average rates to refinance a used car loan are 3.63%, 3.74%, and 4.61%. The rate that one is given depends on their history, type of vehicle, and location.
Can you refinance a home in an irrevocable trust?
You need to discuss that with your lender. Some lenders are reluctant to finance real property owned by a trust. It is permissible according to Fannie Mae underwriting guidelines.
Which banks offer a mortgage for home refinance?
There are a wide variety of banks which offer a home mortgage refinance. Some banks that offer refinancing of home mortgage loans include Bank of America, Sun Trust, and Wells Fargo.
Why did you get the original trust deed after you refinance my home?
When you refinance your home, the original trust deed is often returned to you as part of the closing process to ensure that all documents related to the previous mortgage are accounted for. This helps establish a clean record of ownership and liabilities, and it allows you to have a complete set of documents for your financial records. Additionally, the original trust deed may be needed for future transactions or in case of disputes.
What is the current car value for refinance?
The current car value for refinance is the estimated worth of your car that will be used as collateral for a new loan.
What can you use a a refinance calculator for?
A mortgage calculator can be used to find out if it is worth it to refinance your monthly payments, if it will lower your payments and if you would save on interest and fees. By entering your data you can decide if it is worth it to refinance your home mortgage.
When you refinance a property does the original basis change?
The original loan amount, interest rate, program, etc will change if you decided to refinance a property. A new deed of trust is recorded with all changes made. Veronica Rodrigues Voyage Home Loans
What steps should you take if you am interested in auto refinance?
First, find out what your auto is worth. Then visit the dealership or bank you used for auto refinance options.
If a property is held in tenancy in common and they divorce how is that effected?
One way to remove one or the other person off the deed of trust, is to refinance the loan.
