Bundle loan vs. conventional

[James L.]

Hey everyone, so in an attempt to learn about and prequalify for loan I talked to a small community bank that said they do portfolio lending. I asked them about the different lending options available to me. I told them that I have some cash reserves and a lot of equity in my only rental property, they said I could qualify and they would be willing to do a bundle loan on my existing property with any new property. She really didn't want to go into real details till I qualified. 

I guess my question is should I persue this or look at a conventional loan? Any thoughts would be helpful Into the pros and cons of this.