At First Independent Bank, we are passionate about partnering with farm and agricultural operations across Minnesota. One of the services we provide is financing and lending support to launch, operate, and expand agricultural and farming facilities across the state.
Read more ...When shopping for a new home, there are many types of mortgages to choose from. One of the lesser-known types of mortgage loans is a USDA loan, which is a zero-down-payment mortgage for rural and suburban homebuyers. USDA loans are issued through the USDA Rural Development Guaranteed Housing Loan Program by the U.S. Department of Agriculture.
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Minnesota is the nation's third-largest hog-producing state and pork is critical to our state’s agricultural economy. Though swine farmers (and farmers in general) are no strangers to navigating difficult times, the last six to nine months have been tough for our friends in the swine industry.
Read more ...Mortgage refinancing rates are still low compared to historic standards and many homeowners are choosing to refinance their mortgage loans, saving thousands of dollars in interest over the life of their loans.
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For the first time since 1971, interest rates have fallen below 3%. So, it is no surprise that with interest rates at historic lows, many people are buying homes for the first time or trading up from their current home.
Read more ...In Minnesota, lake life is a dream for many during the summer. A cabin or vacation property is fun for all, unlike your primary home where you pay bills or do homework at the dining room table.
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If you’re a homeowner or a vacation property owner - or if you plan to be one - then you’ve undoubtedly been watching the record low mortgage rates that have been put in place to boost and sustain our economy.
Read more ...Businesses are beginning to open up again after the unprecedented nationwide shutdown. Crippling business restrictions have turned out to be too much for many small businesses around the country. Some business owners, to avoid inevitable permanent closure, have chosen to defy mandated lockdowns.
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In times of crisis, the helpers always show up. People who risk their lives to help others in any way they can. We are so thankful for all the essential workers who are currently doing just that as the COVID-19 situation continues to develop.
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People who work in the Ag business are already some of the hardest working people in our country. Early mornings. Late nights. You’re managing a business, working with your hands, thinking financially, working strategically. In all of it, you are also at risk in this season of quarantine.
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