Trusts and Reverse Mortgages

Reverse Mortgages and Revocable Trusts: four guidelines

1. The Trust must be revocable
2. All assets of the trust must go to the borrower until deceased
3. The trustee must have the power to encumber the property
4. The trust must be written in the state where the property is located.

If the these four guideline are meet your Reverse Mortgage should go through underwriting.

Eben Johnson www.mireverse.com