All Forum Posts by: Velmurugan Viswanathan

Thanks Sam. I will do.

Do you guys know any banks ? which gives 50% ?

Thanks Sam...

My primary home mortgage is on my wife name and I am in the title. Me and my friend own an rental property next door. Now we have equity on rental property almost 150k and home price/worth (low est) is 335k. Now if I apply for HELOC for rental I am getting only $25k money from wellsfargo. Because to buy new property I need 20-25% down payment. Also I want to buy with in my city. 1. My question is how to maximize the HELOC? Any bank or alternatives? 2. Is there any way I can buy another home as primary home ? Thanks Vel

Yes you can.In WA state, I have an investment property with my friend and the mortgage is on our name and we transferred property to LLC. Go to county office and sign the deed. But the problem is, when you want to refinance you need the home under your name for at least 6 months before. (The company I refinanced told me that) You want to transfer the name from LLC to people name while doing it. No tax or money needed in WA to do it. Thanks Vel