A property trust is a legal entity set up to pass down assets to beneficiaries after a grantor’s passing. In addition to making the transfer of ownership as smooth as possible, there are several benefits to putting your home in a trust. Here are eight reasons you might want to consider putting your home in a trust... (Source: Finance of America Reverse)
This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA). It is not intended to be a substitute for legal, tax or financial advice. Consult with a qualified attorney, accountant or financial advisor for additional legal or tax advice.
*There are some circumstances that will cause the loan to mature and the balance to become due and payable. The borrower(s) must continue to pay for property taxes and insurance and maintain the property to meet HUD standards or risk default. Credit is subject to age, minimum income guidelines, credit history, and property qualifications. Program rates, fees, terms and conditions are not available in all states and subject to change.
