HML or Private lending.

What’s the difference a HML and a Private Lender?

                              Mike

My experience is that HML carries points and higher interest rates with lower LTV. They do have quick closings. Private money has terms like no payments for 6 months, no points, lower interest rates, but you have to work to find them. I loan like an HML and buy with private money. HML is a last resort for me.