Question about home equity line of credit

[7wo7rees]

16. Yes. That is exactly it.

My mother's house, paid off for years, in a very hot market in North Dallas. Her bank flat out said no and that was early last year. I could not make anything happen.

It's in a revocable trust and I'm trustee, guardian, POA, everything.

So very sorry you are going through this. I don't have any advice to give. I had to put my mother in assisted living 3 weeks ago and to pay for where she is, I have to sell house.

Had I known what I was doing 5 years ago when I started this adventure I should have had her put house in my name/sell to me and then I could have gotten the home equity loan. Now it is too late. Rules with Medicare/Medicaid and all.

Like I said...... "just based on my experience...."
And my mother is only 86, but with dementia. 5 years ago she had not yet been tested and diagnosed.