Use an LLC or not?

[Ralph Miller]

I'm in the process of purchasing my second rental property. My first property I purchased just using my name Ralph Miller. I spoke to some other RE investors and they said I should get an LLC to protect my assets and what not. My problem: my mortgage options aren't as good under an LLC as they would be if I bought the property under my name. Under my name I get a lower fixed rate. Under my LLC I only get a 5 year balloon rate. Additionally, I keep hearing that an LLC actually doesn't help that much, especially if it's only a sole proprietorship. Looking for people's advice: purchase under my name or an LLC?