Resolved Question: Home Equity Line of Credit or Mortgage?

On the 7th they received his deposit of almost $3k, it was a check written from his parents home equity line to reimburse him for his tuition.

We called them the week after and they said 5 more days. We called last thursday and they said it'd go through the following day.

After the w/e we called them today and they said it'd be 5 MORE days because it is a "non-local check" (which it is not). *Their site indicates that nonlocal checks are deposited on the 5th day after receiving it*

What in the HECK do we do? This could not be legitimate. I am almost broke from having to support him through this banks problem.

www.marshalluone.com The check will not be NSF. The account has over 300k in it, so that can not be the problem.

Resolved Question: is there a way to obtain an equity line of credit without both parties signing the deed of the home?

I want to qualify for a line of credit on my home, but I don't want my husband to have to sign his portion of the deed. is there any way possible to get this line of credit with only my signature on the deed?

Resolved Question: Home Equity Line of Credit or Mortgage?

I was transferred the family home shortly before my mom passed away. The house has no debt owed on it (but very high prop taxes). It's in major need of repair (eg crazy plumbing leaks, outdated electrical), but I'm a recent college grad with a fair amount of loan debt & next to no cash to work with.

I'm try to decide between a mortgage b/c the interest rate would be fixed (or at least more stable) or a HELOC because I don't want to borrow more than the cost of the repairs, but those are difficult to estimate up front.

My plan is to rent the home after the renovations to pay off the loan and other costs of the home, keeping the home as equity, while I live elsewhere.

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