Home Equity
Sherburne State Bank offers both Home Equity Lines of Credit and Home Equity Loans. Contact us today to take advantage of the extra value in your home.
Home Equity
Home Equity Lines of Credit
Do you prefer more flexibility? A Home Equity Line of Credit not only allows you to take advantage of the extra value in your home, but you can use it over and over again. Set up similar to a credit card, you can re-use the funds as many times as you like. You pay interest on the outstanding balance each month, and you decide when to make a principal reduction to the loan balance. Use the extra equity in your home to purchase a vehicle, ATV, pay for vacation or make improvements to your home. Combined with Sherburne State Bank’s online banking and a checking account, accessing the funds is a breeze! Simply and securely transfer funds from your Home Equity Line of Credit into your checking account and begin using the funds immediately with your debit card or checks.
Home Equity Loans
Home Equity loans are a great way to take advantage of the extra value in your home. Home Equity loans offer you freedom for that home project or purchase you are planning to make. Do you have a desire to improve the landscaping, finish the basement, remodel your kitchen, or add a shop? Or are you planning to purchase an RV, second home, timeshare or boat? Let a Mortgage Specialist assist you with a Home Equity Loan. Sherburne State Bank secures a mortgage on your home, subject to the value and existing debt of your home. You receive the funds in a single payment, and pay the loan back with fixed monthly payments.
Frequently Asked Questions
Sherburne State Bank is dedicated to providing our mortgage applicants with the most information possible to give you the confidence you need to make the best decisions. If you don’t see the answer here ask us.
Checklist
Simplify your mortgage application process by knowing what you need to apply and understanding what to expect. The process of applying for a home loan may seem overwhelming, but with the help of Sherburne State Bank’s experienced lenders, the steps to completing your loan will seem simple.
Fill out a Real Estate Application and contact one of our Mortgage Specialists today.
Tanya Danielson
Executive Vice President
763-262-2309
EMAIL
Tanya Danielson has been with Sherburne State Bank since 1989, after working in all the areas of the bank she has found her true passion in mortgage lending. Above all, Tanya is not just here to get you into your new or next home or vehicle; our team at Sherburne State Bank is here for you for all of your banking needs and prides itself on establishing long term relationships.
NMLS # 509843
Michelle Anderson
Mortgage Loan Officer
763-271-7178
EMAIL
Michelle Anderson has been serving the Monticello and surrounding communities since 1994. She has served in all areas of banking over the years, but realized her true passion of all types of lending and building lifelong relationships with her customers. Michelle and the team at Sherburne State Bank are here for all of your needs.
NMLS #739964
