What Happens to the Mortgage on an Inherited Property? | Garn–St. Germain Act Explained
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YouTubeThe Spear Realty Group
The Garn St. Germain act says that as long as you set up a typical revocable living, trust that you have complete control over while you are alive, you don’t lose out on a good interest rate of your mortgage or any other terms. You are of course required to still pay the mortgage as an individual, but putting Home inside of a trust should not affect the mortgage. #EstatePlanning #LivingTrust #FillThatBucket #Pevney #financialfreedom | Pevney Estate Planning
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Did you know the Garn-St. Germain Act of 1982 created the "due on sale" clause but also includes key exceptions? For example, transferring a property into a land trust for estate planning won’t trigger the loan to be called due. This info is critical for any investor! 👍 If you want to start investing in real estate without using your own cash or credit, click the link in my bio and get started today! 👆 #realestate #investing #financialfreedom #invest #entrepreneur #rei #realestatetips | Ron Le
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