My first HML rate

[Jimmy Hong]

Hello fellow members,

I recently completed a flip, found another property and its in contract. But want to use HML to rehab 2 properties at a time (at least not have to wait until property is sold).

This will be my first time using HML. What do you guys/gals think about this rate? I called couple of companies and this one was best so far.

65% of loan, I will pay 35% and rehab costs.
10.49% interest rate
2.65 points
$1,275 doc fee

Thanks in advance.

Jimmy