Home Loans

When you build home equity, you're growing your total net worth. In our latest MLO feature blog, Mike discusses what equity is, why it's good, and 5 ways to build equity in your home.

Home equity is the difference between the balance on your mortgage and the current value of your home. For example, if you have $225,000 left on your mortgage and the present value of your home is $310,000, you have $85,000 of equity in your home.

You found the perfect home, saved for a down payment, and applied for a mortgage. Now it’s time to finalize the paperwork and pay the mortgage closing costs. But what types of expenses might you incur in your closing costs?

Sue Ruesch, NMLS #675057, Wisconsin Rapids Mortgage Lender, provides possible expenses you may incur in your home closing costs, helping you better prepare.

Are you currently renting? Are you a first-time homebuyer? Are you concerned the home buying process is going to be difficult?

Buying a house can be daunting. After all - they don't teach "Home Buying 101" in high school or college. But, being prepared makes all the difference.

It's easy to scroll through Realtor.com or Zillow and dream about owning the perfect house. The magic of HGTV's and DIY network remodeling shows get to us all. But slow down,...

A lot goes into applying for a mortgage and deciding whether it is the right time for you. From knowing your budget, researching home loan programs, getting ahead on your debt, increasing your savings, and becoming pre-approved. All are helpful in making the home buying process successful from start to finish.

Prevail Bank Mortgage Loan Originators Becky Brost, NMLS# 562333, and Lana Peterson, NMLS# 1236394, offer you helpful tips to help you make the best decisions...

Bill, a Northwestern Wisconsin native, is just like you. He went to college, works, and banks in the Eau Claire area. Bill knew of Prevail Bank through his relationship with our Eau Claire Mortgage Lender, Ryan (NMLS# 1836499). He wanted to try a community bank to find flexible financing for his unique home loan needs that larger banks weren’t available to help meet.

Bill chose to bank with us because at Prevail Bank, it’s...

Marsha VanArk, a Stevens Point native, knows the value of relationships and helping the local community succeed. As a wife, mother of two kids, and the owner of an expanding business for the past 12 years, working with a bank she can trust to guide her along her financial journey, both personally and professionally, gives her peace of mind.

The Stevens Point staff is “incredibly helpful and kind,” giving Marsha the small-town...

You’ve decided to build a new home, that’s exciting! Your next step is to determine which type of construction loan will fit your needs best and help you finance building your new home: a construction-to-permanent loan or multiple loans.

A construction-to-permanent loan is a one-time loan that offers cost-saving benefits and finances both the construction and permanent...

Sales in the housing market continue to be strong as we head into 2021. Driven by buyer demand growing in response to low industry-wide mortgage rates. Get pre-approved and find the mortgage rate that fits your needs today to make the process quick and easy!

We currently have special rates available to new home purchase customers. To find out your home loan rate, enter your information in the “Find Your Rate” Mortgage Calculator to see your mortgage rates...

Rate or interest is simply a percentage of the loan a lender charges to borrow money. This figure is beneficial to know so you can compare the cost of different lenders. To make the comparison easier, lenders must also inform you about how that interest rate will affect your payments over an entire year. This interest is known as the Annual Percentage Rate or APR, and it also includes any fees or additional costs associated with the loan.

When deciding if refinancing your home loan is the best option, you will need to consider all necessary information to make an educated decision. Other than whether you can receive a better mortgage rate, there are many reasons people refinance their mortgage. Some of these reasons should have a higher priority than others.

When looking at refinancing, you should ask yourself these basic questions to determine if refinancing is right for you at...