Which one would you prefer b/w local lender v/s establish financial institution when buying a home?
What are the pros and cons of each?

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Local lender every time. Especially the way the market is in Austin. The big banks and often even local, but more established institutions often can’t guarantee a 30 day closing and if they do, they will often go past that. With the market the way it is, having a closing longer than that would be a disadvantage when you put in offers. Sellers wanna close quickly and you’re competing with cash buyers often times.

Also, local lenders will have more support, better customer service, you usually deal w 1-2 people rather than multiple like at a big bank

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