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Question Is it best to get a loan through your personal bank?

Member
Dec 6, 2020
25
Occupation
Small Business Owner
When it comes to getting a loan to buy a property with the intent of later selling it, does it make sense to get a loan through your own personal bank, or is it best to avoid this? I ask because a friend recommended I did this because I would likely get better interest rates.
 
Member
Apr 12, 2021
25
Occupation
Real Estate
If they have good rates, you can often get benefits that come a long with being a loyal customer to your bank. You would have to see your options. If you don't mind me asking, who do you bank with? If it is a national bank I am familiar with, I might be able to tell you.
 
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