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Updated about 9 years ago on . Most recent reply

Michael O'Connell's profile image
Michael O'Connell's profile image
Michael O'Connell
  • Financial Advisor
  • from Clarkston, MI
  • Member since Jan 24, 2016
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Michael O'Connell's profile image
Michael O'Connell's profile image
Michael O'Connell
  • Financial Advisor
  • from Clarkston, MI
  • Member since Jan 24, 2016
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Michael O'Connell
  • Financial Advisor
  • Clarkston, MI
1
Votes |
8
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General Real Estate Investing

Should I use big banks like chase or small local banks???

Michael O'Connell
  • Financial Advisor
  • Clarkston, MI
Posted

My plan is to purchase a small multi family(duplex/triplex/4-plex) and house hack with an FHA loan for my first property this year. I currently use Chase for my personal banking, before I get pre approved for a loan or get a loan I want to know where I should be getting this loan from? What are the pros and cons of big and small banks?

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Jeff B.'s profile image
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Jeff B.
  • Buy & Hold Owner
  • from Redlands, California
  • Member since Oct 28, 2015
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Jeff B.'s profile image
Jeff B.'s profile image
Jeff B.
  • Buy & Hold Owner
  • from Redlands, California
  • Member since Oct 28, 2015
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Jeff B.
  • Buy & Hold Owner
  • Redlands, CA
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Jeff B.
  • Buy & Hold Owner
  • Redlands, CA
Replied

I've always found the mom-n-pop, local banks easier to work with.  The BIG NAME nationals don't need your loan as another will arrive in 10 minutes.

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