HML's require Lien on Personal Residence

[Robert Guilfoyle]

I have been researching some HML's in my area and the one I have contacted indicates they require a lien on my personal residence. Is this normal for HML's to require this?

[Nnabuenyi Anigbogu]

No it is not normal but its not totally unusual either. I would keep searching for other ones that do not have this requirement. There are plenty of them out there that will loan to you as long as you meet their requirements. (Asset you are flipping is solid, reserves are in the bank, and you have some real estate experience). Some might even look at credit score (although the ones i have used did not care about that)