Not sure if this is off topic or not, but I was wondering if it would be a good idea to place funds in approximately 2, maybe even 3 accounts at 2 or 3 different banks.
I figure placing all of my funds in one bank (at a large bank at that), who will more than likely not give me a loan for purchase and/or purchase + rehab, should not hold the funds for a down payment + purchasing costs.
So, my question is, should I place money at 2, maybe even 3 small banks (community banks, Savings & Loans, etc.) while adding more money as time passes, and some account activity, with the hopes of obtaining a loan from either of them. I was thinking about talking to a banker to decide if this would help with my decision, but I am not sure if I should consult a banker. I believe a banker would attempt to convince me to open a account without really any knowledge of if there would be a possibility to obtain a loan in the future. I do understand other factors play a role in the decision of receiving a loan.
Any information is helpful and gladly appreciated.
Thank You
