Financing a Trust-Owned Property? Protect Your Loan Approval

Name the Right People: At least one borrower must be both the trustor and trustee to help meet financing requirements.
Keep Control Revocable: The trust must be revocable or amendable by the original trustor(s), subject to lender guidelines.
Verify Trustee Powers: Trust documents must authorize the trustee to mortgage or encumber the property, and the lender will review the agreement or an acceptable certification.
Plan Before You Apply: Share your trust documents early with your mortgage broker so potential issues can be addressed before underwriting; contact us for guidance.