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Updated almost 17 years ago on . Most recent reply

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D C
  • Real Estate Investor
  • CT
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CT Hard Money Lender

D C
  • Real Estate Investor
  • CT
Posted

Hi, we were banking on using our home equity line to purchase and rehab a REO, until we just found out today that Chase has frozen the line without letting us know about it. I am thinking our next best option is to use HML...but since I am a complete newbie on this, wondering if you guys can recommend a few HML with reasonable rates in this area?

Also, for all your investors out there, what % of your financing is done through HML vs. banks etc.? I have been looking at banks only, as they typically give you great rates...but having read the posts on here...it seems like I am completely missing the boat here.

Many, many thanks!

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