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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Borrowing while in the trust... Posted by Ward-CA- on September 25, 2003 at 4:39 PM In Reply to: Refi in THT posted by James-CA on September 25, 2003 at 4:00 PM : Hi Ward, : Yet another question. I was thinking about this today and I could not remember if you addressed this in the Trust seminar... suppose there is a property which has enough equity to refi the original loan(s) into one and take out what the owner wants sooner rather than later, while in the THT as successor trustee, I know I have the power to do that (refi). But my question is, since most banks (if we are using a bank) want to see how the loan will be paid back, i.e., some type of income, just whose income are we using to determine if the loan would be approved? : Or am I just thinking way too much here? : Thanks in advance =?=?=?=?=?=?=?=?=?=?= James, When I get home equity lines of credit I have to qualify as the money generator and sign the promissory note. The trustee of the THT signs the deed of trust. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Hi Ward, : : Yet another question. I was thinking about this today and I could not remember if you addressed this in the Trust seminar... suppose there is a property which has enough equity to refi the original loan(s) into one and take out what the owner wants sooner rather than later, while in the THT as successor trustee, I know I have the power to do that (refi). But my question is, since most banks (if we are using a bank) want to see how the loan will be paid back, i.e., some type of income, just whose income are we using to determine if the loan would be approved? : : Or am I just thinking way too much here? : : Thanks in advance : =?=?=?=?=?=?=?=?=?=?= : James, : When I get home equity lines of credit I have to qualify as the money generator and sign the promissory note. The trustee of the THT signs the deed of trust. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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