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Updated over 6 years ago,
Lending questions for a beginner
Good afternoon BP
This is my first post and I’d like to start by saying how incredibly insightful this forum has been for me. There is so much information and so much collective experience here that I am confident that I’m in the right place.
I am looking for advice regarding bank lending. I have read about all the lending options that are discussed here on the forum and my question is should I go to my bank or a bank branch near where I live to discuss lending options...I intend to invest out of state...or do I speak with a bank branch that is local to the investment?
I am starting out completely new and might explore hard lending also but for now I am interested in finding out about getting pre approved.
Is it better to go to a bank closer to where I live or is it better to use a bank from the town I’m investing in? I contacted a Wells Fargo that is near my house because there is a branch in the area I am looking to invest in.