Refinancing a property held in a trust.

Discussion in 'Loans & Mortgage Brokers' started by mike8t1, 1st Apr, 2016.

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  1. mike8t1

    mike8t1 Active Member

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    Hi Friends,
    I was wondering if refinancing a property held in a trust is the same as for an individual?

    This is simply a hypothetical for my own knowledge.

    Thanks
    Michael
     
    mike8t1, 1st Apr, 2016
    #1
  2. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus Wide! Business Member

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    More or less - extra documentation of course, and structure, but the process is the same.
     
    Jess Peletier, 1st Apr, 2016
    #2
  3. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Yes, same situation - unless the trust deed prohibits it in some way.
     
    Terry_w, 1st Apr, 2016
    #3
  4. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    If there is a family trust involved. Then servicing may be affected because in most cases family trusts quarantine negative gearing
     
    Rolf Latham, 2nd Apr, 2016
    #4
    Jess Peletier likes this.
  5. Mick C

    Mick C Well-Known Member

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    Same...but some extra ( Compared to individual) cost depending on state etc..
     
    Mick C, 3rd Apr, 2016
    #5