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Author Topic: HML and LLC  (Read 1314 times)

Offline Tlan

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HML and LLC
« on: May 24, 2007, 02:07:55 am »
Simple Question, before i call and ask

Do HML lend to LLC's ??

I was thinking of starting up an LLC to hold my properties and due to low credit score ~600 and little down i am thinking one of my options is rehab to raise capital.


Offline lassitermortgage

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Re: HML and LLC
« Reply #1 on: May 24, 2007, 10:56:58 am »
You can take title in the LLC but will be required to personally guarantee the loan. Your credit will be a factor in most cases.

Offline Tlan

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Re: HML and LLC
« Reply #2 on: May 24, 2007, 01:45:57 pm »
thx got it

Offline doston

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Re: HML and LLC
« Reply #3 on: May 31, 2007, 01:29:57 pm »
There are some HMLs who actually prefer/require that you title in a LLC. Just ask before you commit; sometimes you can get what you want, you just have to ask.
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