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Updated over 6 years ago,
Where should I get a loan when going out of state?
Hello all!!! I am excited to be here as this is my first post and I am new to the Bigger Pockets community.
I am wondering what is the best strategy when buying property out of state when it comes to getting loans? Would it be better to get a loan from a local bank where I live or a bank near the property I plan on purchasing? What are the pros and cons of each? How do you feel about the online lenders vs banks? What advise can you provide from personal experience?
I appreciate all answers and information provided. I thank you all in advance for reading my post and to those who respond.
Walt