NEWBIE WITH AN HML QUESTION?

[FHL]

have you tried contacting the HMLs in the REI directory? Personally, I know many on there are the real thing.

If your looking for 100% no HML will touch you...better to pull your own investors in for that...stay local.

typical HML LTV is 70% net. 5 -10 points+closing costs. If you have a deal that you can bring to an HML at 70% or below, you should be able to get funding without upfront fees.

Deal with direct lenders or direct underwriters. If the person you are talking to on the phone can't make a funding decision, then you are talking to the wrong person. Brokers are going to inflate the costs and leave you hanging.[/font][/font]