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I currently have a hard money loan for a mortgage and will need to refinance in 6 months. Will banks or credit unions or mortgage brokers be able to get me refinanced with the house ownership being a PST?

by | Oct 17, 2018 | 0 comments

A

I currently have a hard money loan for a mortgage and will need to refinance in 6 months. Will banks or credit unions or mortgage brokers be able to get me refinanced with the house ownership being a PST?

Yes. The banks will look at the value of the property, and who can carry the note, not who owns it. The house would now have a lien on it, under the name of trust.

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