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Creating a Trust with a HELOC on a house...
I want some general feedback as I conduct some research for options. How does everyone feel or address the ramifications of putting a 100% owned house in a revocable trust when the house has a new HELOC without a balance? Would you be able to still borrow from the HELOC since ownership of the property has changed? Should I start over and place the house in the trust then reapply for a HELOC or notify the bank prior to changes to see what they require? Thanks in advance!