[Reldon]

Hi,

My mom co-signed on the house we currently own. Currently, I am the one making payments on the house. My mom recently told me she wants to take out a HELOC on our house. Since I am a co-signer, I also have to approve it. My question is, if I do not take money out from the HELOC and my mom does, will I be in trouble if the money isn't taken out?

I talked to the person who is doing the HELOC and he says I wouldn't be effected since my mom would be the one to take the money but I want to be sure. I am not really familar with HELOC except I hear it should not be done.

Thanks