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Can a living trust or other form of trust take out a Reverse Mortgage?

April 26, 2017form Living trust reverse mortgage Trust

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Can a living trust or other form of trust take out a Reverse Mortgage?

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A trust can take out a reverse mortgage as long as the trust is revocable with the borrowers as the beneficiaries. The entire trust document must be made available to the lender in order to approve the reverse mortgage in a manner that maintains the integrity of the trust and a clear title for the lender.