Ready to buy, build, remodel or refinance your home?
Choose me, Ben Franko, your local mortgage loan expert serving Eau Claire, WI, home to the University of Wisconsin-Eau Claire and arts and cultural festivals all year-round.
I am familiar with the needs of those in Eau Claire area and excited to help people like you realize their dreams of home ownership with the variety of home loan programs and support we offer at Merchants Bank. Whether you are looking to purchase a home, build from the ground up or refinance your current mortgage, let’s get started.
Fill out the form below and I’ll follow up to learn more about your situation and which mortgage or home loan options make sense for you.
|15-Year Fixed Rate Purchase||2.275%||2.481%||$1312.50 .....Purchase rates effective as of 06/18/2021|
|20-Year Fixed Rate Purchase
|30-Year Fixed Rate Purchase
|15-Year Fixed Rate Refinance||2.400%||2.607%||$1324.18 .....Refinance rates effective as of 06/18/2021|
|20-Year Fixed Rate Refinance||3.025%||3.185%||$1111.70|
|30-Year Fixed Rate Refinance||3.150%||3.264%||$859.47|
Subject to approval. APR = Annual Percentage Rate. Estimates below are based on a loan amount of $200,000 with 20% down payment (equity for refinance), prepaid finance charges of $2,900 and a credit score of 740. The actual rate available to you will be based upon your credit history and may be different than the rate disclosed. Rates are for the financing of a single-family primary residence with a 45-day lock. If the down payment/equity is less than 20%, mortgage insurance may be needed, which could increase the monthly payment and APR. Rates also may be higher for cash-out refinances above 70% Loan-to-Value, non-escrowed loans, loan amounts below $100,000 and/or loan amounts greater than $548,250. 30-Year Fixed = 360 monthly payments. 20-Year Fixed = 240 monthly payments. 15-Year Fixed = 180 monthly payments. Payment does not include taxes and insurance and actual payment obligation may be greater.
Mortgage and Home Loan Programs
Finding a home that feels uniquely you, that’s important. Talk to your Merchants Bank mortgage expert about financing options to help realize your dreams:
- Mortgage pre-approval
- Conventional mortgages and home loans
- First time home buyer programs
- Construction loans
- Specialty mortgage programs like Veterans Administration (VA), Federal Housing Administration (FHA), Rural Development and more
- Mortgage refinance
Get to Know Ben Franko, Mortgage Lender
NMLS # 481007
I’ve been in banking since 2005 and enjoy helping people like you make their dreams come true. Whether it’s the guiding you down the path to your first home, making the dream of a lake home become a reality, or using the equity in your current home for renovations.
Ben’s Top Tip for Home Buyers: Get pre-approved so that you know a price range when housing hunting and how the payment is going to affect your monthly budget. Don’t stretch yourself into a home that’s too much. You want a comfortable home and payment situation.
Visit me in person
2728 Mall Drive
Eau Claire, WI 54701