Loan Star Reserve gives you overdraft protection when your checking balance drops below a zero balance by automatically advancing from your personal line of credit. Loan Star ReserveĪt MinnStar Bank, our Loan Star Reserve is a consumer Line of Credit (LOC) for overdraft protection and small loan needs. We react quickly to situations and work together to find the solution that will work for you. We have over 20 years of experience in construction lending within the Greater Mankato area. What happens if plans change once construction starts? MinnStar Bank works with you to overcome the difficulties that can arise when the plans change in the construction process. We handle the draw process to save you money.On-site visits by your lender to view progress.
Local decision making and in- house processing.Your construction loan will receive personalized attention by our experienced lenders, including: Funds available anytime without reapplying.The benefit of a HELOC is that it is revolving credit-meaning as you pay off the principal, more becomes available for you to use.
You pay interest only on the amount borrowed. You are granted an amount you can borrow, and you draw money from the account as you need it. Local decision-making and in-house processingĪ home equity line of credit works like any other line of credit.You receive a lump sum payment at a fixed interest rate, and you pay the money back in monthly payments over the life of the loan. A standard home equity loan works like a traditional loan. There are two basic types of home equity loans: the standard home equity loan and a home equity line of credit. At MinnStar Bank, we offer financing options that allow you to tap into the existing equity you have in your home for home improvement projects, debt consolidation and major purchases. Your home is probably your single largest assets. As a mortgage customer, you will receive timely turnaround, local decision making and in-house underwriting for a variety of mortgage loans, including: Home Mortgage LoansĪt MinnStar Bank, we understand that purchasing a home is a very exciting event and we look forward to helping you achieve your homeowner goals. We offer timely turnaround, competitive rates, and attentive service from start to finish.
Take advantage of MinnStar’s flexible loan opportunities for a new vehicle, recreational vehicle, camper, snowmobile, ATV, motorcycle, or boat.
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