All Forum Posts by: Bradley Allen

Good info.  Thanks!

Chris, Makes sense.  I had not thought of it that way at all.  We just closed on the townhouse yesterday and decided in the process to go ahead and open the checking account with the bank.  I appreciate the input!  Thanks, Brad

I wish they would give me $250 off but I don't think that's going to happen :(   I wondered if this request was related  more to establishing a relationship or just to bring in the funds--not really sure. I am looking at another piece of property in the same area so I may go ahead and open the account just to be on the safe side...my wife may kill since she does our books right now, but I think it may help...at least in the short term.

Ok, so I'm closing on a townhouse this coming week and the lender I've used (small local bank in that town) has asked me if I want to open a checking account with them.  This is the second time in the past month that a lender has asked me this.  I closed on a condo in a college town 3 weeks ago and used a different lender there who asked me the same thing.   The townhouse loan is a portfolio loan with that bank and the condo loan was a commercial loan.  I told the commercial loan lender that I already had a bank/checking account that I use to run my rental income through so I didn't need another checking account....but when this second lender asked me the same thing it got me to thinking if I should or not.  Maybe they want to see the flow of rental income, etc?  Is this something I should do promote the relationship with the bank?   Has anyone run into this situation before?  Thanks.