Choosing Between Financing Venues

[Cassidy Burns]

Hi BP,

Quick question: 

I have a duplex under contract, have found 2 different banks that will finance this for me.  Both very similar rates and packages offered.  How do I go about choosing the best option?  I obviously want the fastest close as possible. Do I send my information and the information for the property to both and see which has the fastest response rate in terms of turnover and production of the financing?  Will having both of these banks running my credit as well as working on the deal hurt my credit and reputation? 

Thanks!