Trusts don't own homes. A home can be in a trust though. Think of a trust as a pocket with things inside of them.
The home can be held in a trust but the trust can't generally apply for and be approved for most traditional mortgages. Usually the ownership is transferred to the trust after closing which does not release the borrower from obligation for the mortgage.
after you purchase your home, you can add it into the trust, and if you wanting to refi, you will need to take it out of the trust, refi, and then put it back into the trust linda yourloanrpartnerforlife@live.com
I would suggest you speak to a real estate attorney in your state. The reason I suggest this is because, there are more than one type of trust. You have land trust that many investors use to move their properties into for protection and you have family trust, which many people use to shelter their assets and allow the family to benefit from the assets in their trust. Trust are typically used to secure assets and hide certain information from public records. You have to decide which kind of trust you would want to use. I hope you the best in finding your answer.
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