Can An Irrevocable Trust Obtain a HELOC
Perhaps, but the majority of banks will only work with revocable trusts. The few that will offer financing, either a mortgage or HELOC, will require the trust documents allow for taking out of a home loan against the real estate owned by the trust. In other words, the trust must already have real estate and it must also have sufficient equity (~20%) in order to obtain a loan.
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