All Forum Posts by: Ken Ken

Can you suggest an insurance company and contacts for our rental houses?

The insurances like AAA are strict on the paint, roof, plumbing, electric etc

The houses are in Stockton, California.

Thanks

I have a property in Stockton CA.  It is a 2 separate buildings in a lot.  The rent is very low and we are thinking to increase rent from $600 to $700.  Since we haven’t increase the rent in years, can we increase rent more than 5%?

Thank you all for the replies. I think I understand now. What are the common tricks people usually do after the draw period? Can they somehow refinance and reapply for new Heloc to avoid higher APR?

Have you heard of the Third Federal Heloc, they offer good rates but seems like the reviews are bad.   Please let me know your experience.  Thanks

I live in San Francisco and just refinanced. This will be my first time getting a HELOC and not quite sure where to find a good deal and compare the rate. My loan officer refer a bank but I would like to shop around and compare. Can you refer me to somebody who's has good rate?

I’m also confused about the prime rate and indexed “something”.   So prime rate is the same for all the banks unless they say prime rate + 0.xx%? 

I understand how much money I can borrow, first year introductory rate, draw and pay period.  What I don’t understand is how much I will end up paying after 1 year.

Thanks in advanced,