All Forum Posts by: Joe Xie

P.J. Bremner BTW, yes, I was trying to tag and thank you earlier, do not know I missed you. Thanks again, really appreciate. One more question, I vaguely recall when I last time did a HELOC on my primary home 15 years ago, they ask what I need the money for. I recall the standard answer was remodeling the home. However, this time I am actually going to use as down payment for another home, for a place I will live in for 3-5 years then convert to rental. Will this be OK with the bank? And, is there a up limit on the loan other than 70-80% of equity? I ask, because I have one rental has quite high amount equity.

P.J. Bremner thanks a lot for the details!

Eric G. Manolo D. Eric G. Thank you so much for sharing. Eric G. Did the driver by appraisal cost you any money? I do not mind have lower LTV as I have quite high equity and do not need too much money. I do want lowest upfront and on going cost since I am not sure if I need it or not ( considering buying one more at San Jose, but there is not much deal around).

Can I have a line of credit on rental property which I have lager equity in it? What is the process and what is the cost? I am in CA.

Thanks!

Would like to know what is the best tenant background check website