I've read way to many Robert Kiyosaki books to fall for the bland trap of CD's, mutual funds etc... that she insisted I invest in. 

There is always the possibility the lender could exercise the acceleration clause for 'transferring a beneficial interest' in the property.

I would highly recommend working with your tax preparer to determine if this would be beneficial in your situation.Joe has an S-Corp.

I manage several supers & inspectors for a large single family REIT & would like to link up with someone locally that I could be mutually beneficial.Than you for taking the time to read!

The average home owner is putting 3.5% down on their property which is a huge amount of leverage which is giving a huge amount of juice to their returns.Also just look up average net worth of homeowners vs renters and the discussion becomes an  obvious moot point.As @Elizabeth Colegrove points out, owning in major metropolitan areas with high amounts of appreciation is even more beneficial.

TK is a great vehicle because it is so low maintenance, but like anything else, it isn't actually beneficial if the person you are trusting to take care of things is falling down on the job.

My stock and mutual funds are stagnant, so I am deciding if I want to move my money around to decrease these interest payments to banks.

They also have individual classes that are very beneficial.

Once refinanced, THEY move it into a land trust, they own 50% beneficial interest each.  

Even though you have not held the deed to that property my guess is that the CD would be looked at by the IRS as "risk of loss" passing a long time ago and that your the beneficial tax payer for the property and what you are doing is simply refinancing a property  you  own - no tax.