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Updated almost 7 years ago on . presented by

Wei Jie Yang's profile image
Wei Jie Yang's profile image
Wei Jie Yang
  • from New York City
  • Member since Nov 2, 2018

User Stats

161
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75
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Wei Jie Yang's profile image
Wei Jie Yang's profile image
Wei Jie Yang
  • from New York City
  • Member since Nov 2, 2018
Wei Jie Yang
  • New York City
75
Votes |
161
Posts
Tax, SDIRAs & Cost Segregation

HELOC with Multiple owners but only one responsible?

Wei Jie Yang
  • New York City
Posted

Hi Everyone,

I own a SFH in NYC that I converted to a Duplex almost a decade ago. The title on the house is me and my wife but I want to open a HELOC in my name only, where I would be the only one responsible for any debt. Is that possible? Or does everyone need to be on board with the HELOC and everyone will be responsible for it?

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