Estates often turn on a house: an heir who wants to keep it, siblings who need to be paid out, or a trust that has to buy or refinance. I find the financing that lets the plan or the settlement work.
How I help your clients
- Heirs who keep the home. A relative who inherits can often keep the existing mortgage under federal law, or refinance it into their own name.
- Buying out other heirs. One heir refinances or takes a new loan to pay the others their share, so the house doesn’t have to be sold.
- Trust purchases and refinances, including loans to a living trust on many loan types.
- Reverse mortgage estates. Heirs have time to sell or refinance the home, and on a federally insured reverse mortgage they never owe more than the home is worth.
- Cash for estate costs or a quick sale, with cash-out refinances and bridge loans once title has passed.
Situations I see often
- One sibling wants to keep the family home and the others want their share in cash.
- An heir inherited a home with a mortgage and wants to keep the loan or refinance it.
- A trust needs to buy or refinance a property as part of an estate plan.
- The heirs of a reverse mortgage borrower need to decide whether to sell or keep the home.
Programs and tools
- Cash-out refinance
- Refinancing
- Reverse mortgages
- Construction & bridge loans
- Second mortgages & HELOCs
- Conventional loans
Questions
Can an heir keep the existing mortgage?
Often, yes. Federal law generally lets a relative who inherits the home keep the existing loan; the heir works with the servicer to take it over, and can refinance later if that suits them better.
How does a buyout of other heirs work?
The heir who keeps the home takes a new loan, usually a cash-out refinance once title is in their name, and the proceeds pay the other heirs their share.
When can a loan be made on an inherited property?
Usually once title has passed to the heir or the trust. I can review the timeline with you before then, so financing is ready when the court or the trustee is.
