My father has put our family home into a trust; home is worth about $600k, ~$150k mortgage left, currently he's the only one on the note. He wants to get my brothers and I onto a new mortgage so the transition is seamless if he passes. What is the best way to go about this? None of us have good credit scores so my worry was it would make it more expensive to refinance with all of us on it, (four).
Trust basically transfers ownership of the house in the event of his passing to me, with any future sale split between my brothers and I.
TIA for helping navigate this!
Submitted October 29, 2019 at 08:36PM by whiteknight93 https://ift.tt/332hbq0
