My trust, my house, and my mortgage

Posted Posted in Beneficiaries, Estate Planning

Ask Cale Beck, ESQ – When I transfer my residence into the name of my trust, how will it affect my mortgage? If you take a look at your mortgage paperwork, you may notice a clause stating that if your property is sold or otherwise transferred during the term of the mortgage the entire principal balance will become immediately due.  This is called a “due-on-sale” clause, and it has generated more than a few panicked […]