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Updated over 4 years ago, 02/27/2020

User Stats

218
Posts
104
Votes
Royce Talbo
  • Investor
  • Kaneohe, HI
104
Votes |
218
Posts

Can a beneficiary of a trust get a HELOC on the property?

Royce Talbo
  • Investor
  • Kaneohe, HI
Posted

Can anyone tell me if I as a beneficiary, can take out a HELOC on my mothers property that is in a revocable trust for me? She is the the trustee and I am the beneficiary, I have a stable job and can qualify for the HELOC, but she just started her own company this year and doesnt have the years of experience to qualify for a HELOC on her own. Also she doesnt want to be on the HELOC or loan if possible, but wants me to be able to access the money for my investments.

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