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Updated over 7 years ago,

Steven Kimmey's profile image
Steven Kimmey's profile image
Steven Kimmey
  • Real Estate Agent
  • from Glen Burnie, Md
  • Member since Aug 16, 2017
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3
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Steven Kimmey's profile image
Steven Kimmey's profile image
Steven Kimmey
  • Real Estate Agent
  • from Glen Burnie, Md
  • Member since Aug 16, 2017
Connect
Steven Kimmey
  • Real Estate Agent
  • Glen Burnie, Md
3
Votes |
4
Posts
Private Lending & Conventional Mortgage Advice

Land Trust and Non-Federally backed mortgage

Steven Kimmey
  • Real Estate Agent
  • Glen Burnie, Md
Posted

I'm purchasing a property using conventional mortgage for second home. I intend to put the property into a land trust with an LLC as beneficiary. Will this be protected from the mortgage escalation clause considering the loan is not federally-backed?

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