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Home > Financial Services > Mortgage Brokers > Pinnacle Bancorp
Pinnacle Bancorp
A Mortgage is a document that contains the details of an agreement between two parties. One of which is a borrower and the other party is a lender. The Agreement will include information like, Loan amount, Time period of the loan, Interest and the collateral on the loan which is normally the property being bought. A mortgage broker is generally a person or company whose expertise lies in the field of mortgage laws, properties available for sale, and loan procedures. They provide these services to clients for a fee which is usually a percentage of the loan or property amount.
The history of Pinnacle Bancorp traces back to the 1930s in Palmer, Nebraska. Shortly after the two banks in town had closed without the prospects of re opening, a group of businessmen and farmers felt that their town needed a bank. This group included a local cattle rancher and farmer named George Dinsdale. They soon received approval and opened the State Bank of Palmer, the forerunner of their current $2.5 billion Dinsdale family banking organization. They offer Adjustable Rate Mortgages, Fixed Rate Mortgages, and Construction Loan packages. Unlike other financial institutions, your loan stays at their bank where they do the entire loan servicing this means better service to you.
They Home Equity Loans and Lines of Credit allow you to access the equity in your home. Once your application is approved, your line is in the bank. So the money is there when you need it to make home improvements, buy a new car, take a vacation, consolidate your debt, or for whatever you need. Many mortgage lenders will offer a refinance package where you refinance for more than the balance remaining on your old home loan. In the mortgage world this is called cashing out. The economy has also caused interest rates to drop recently which may allow you to refinance your home without increasing your monthly payments. The extra cash that results from refinancing can be used for many purposes; one of the smartest ways to use these funds is to pay off any loans with higher interest rates. If you are in a positive position regarding debt you may be interested in using the money for a more enjoyable purpose, such as building an addition on to your home.
With a solid asset base and a family oriented organization committed to superior service, Pinnacle Bancorp is leading their valued customers into the 21st century with the stability and technology of a progressive bank, yet with the time-honored values of a community oriented bank.
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