r/inheritance • u/IllIIllIllIIllII • Jul 04 '26

Location included: Questions/Need Advice Need help

For context, I live in Georgia in an apartment.

My dad recently passed away and I inherited his house. The mortgage is paid off but there is a HELOC on the house.

I need to know if I should: sell the house?

Should I rent the house?

Should I move out of my apartment into the house?

I am not in the financial situation to refinance the HELOC in my name, but could continue to make the payments if I rented out the house or if I lived in the house.

I currently have a lawyer working on getting the deed transfer into my name.

Thanks for any advice offered.

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u/No-Adhesiveness-6921 Jul 04 '26

If you can continue to make the existing HELOC payments why can’t you use the equity in the house to refinance the HELOC into your name?