Tag: American Federal Bank

Helpful Tips for Homeowners

Filed in Lakeside Living by on June 1, 2015
Helpful Tips for Homeowners

When preparing your home for sale, clean, organize and de-clutter. Clean windows, shampoo carpets, polish woodwork. Tidy up and organize each room…

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Q: What is the first step in purchasing or refinancing a home?

Filed in Home Experts by on March 31, 2015
Q: What is the first step in purchasing or refinancing a home?

A: Once you decide to purchase or refinance, the first step is to meet with a lender to determine if it makes financial sense to refinance, or the loan you may qualify for, if purchasing.

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Q: What’s the difference between a construction loan and a conventional mortgage?

Filed in Home Experts by on December 9, 2014
Q:  What’s the difference between a construction loan and a conventional mortgage?

A: “A construction loan is used to build a home or complete a significant remodel and/or addition,” says Chris Marvel of American Federal Bank in Fergus Falls, “It is typically a line of credit…”

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It’s Never Been Easier to Finance Your Dream Home

Filed in Construction by on December 2, 2014
It’s Never Been Easier to Finance Your Dream Home

Financing a “dream” lake home has no big twists or turns compared to financing a conventional home in the city or country. The question is how big is your dream and can you afford it.

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