Legal Question in Wills and Trusts in Connecticut

home equity loan

can a home owned by a trust take out a home equity loan


Asked on 7/08/09, 7:17 pm

1 Answer from Attorneys
John Heffernan Heffernan Legal Group, LLP

Re: home equity loan

Sure. Not all lenders are willing to make such a loan, but legally there's no problem. JPMorganChase does them all the time. (Technically, by the way, the house is owned by the trustee, not by the trust).

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Answered on 7/09/09, 9:50 am


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