Spring is officially upon us! It’s the time of year all Minnesotans wait for. The snow has melted, we’re seeing green grass peeking through the brown, and the trees are beginning to bud. Along with that, we’re also starting to notice that maybe the shingles on the house need to be replaced, all the mud in the driveway would look so much better covered with concrete, and that some of the trees in the yard didn’t fare so well over the past few months. Ugh!
Now is the prime time of the year for tackling those updates and
improvements you’ve been thinking about all winter long, and Annandale State Bank can help you make those changes by offering a wide variety of loan products to fit most anyone’s need.
A Home Equity Line of Credit, or HELOC, is a very popular option that allows you to utilize the equity in your home and have a revolving line of credit at your disposal. These loans have minimal closing costs, competitive interest rates and the flexibility to use the funds as you need them.
Doing a refinance of your existing mortgage and taking cash out is another geat way to have access to additional funds as well as possibly lowering your interest rate with a fixed or adjustable term.
If you’ve just had enough with improving your property and are looking to start fresh, maybe purchasing or constructing a new home is what’s best for you. We offer 15, 20 or 30 year fixed rate loans and with rates still being at historic lows, there’s no better time. The national average for a 30 year fixed rate mortgage for the beginning of April was 3.70%; down .71% from last year at the same time (Freddie Mac publication dated 4/2/15).
Annandale State Bank is proud to be able to offer our community products as diverse as its members. Whether it’s home improvements, refinancing, purchasing or building, one of our knowledgeable lenders will help you choose the best product for you and your situation. Happy Spring!
If you have any questions or need additional information, please contact one our loan officers today.