Arlene Schwerzler Joins Merchants Bank in Red Wing as a Mortgage Lender

Arlene Schwerzler, Mortgage Lender

Arlene Schwerzler has joined Merchants Bank in Red Wing as a Vice President and Mortgage Lender, according to Mike Grove, President of Merchants Bank in Red Wing.

Schwerzler is a familiar name and face to the Merchants Bank employees and many customers in Red Wing. As a long-time mortgage lender at Merchants Bank in Winona, Schwerzler served many customers in Red Wing.

“Many of my customers already live in Red Wing, and I’m lucky to have a strong referral network,” Schwerzler said. “I look forward to being in Red Wing every day and taking care of mortgages for my customers, the people referred to me and many new customers from start to finish.”

Schwerzler has been in banking for more than 30 years. She started as a Mortgage Lender at Merchants Bank in Winona in 1998 and also spent a short amount of time at Merchants Bank in Rochester. She has a loyal following.

“Certainly, Arlene has a great amount of experience and that helps to serve her customers, but what makes her stand apart from other lenders is her willingness to go the extra mile and to be there whenever her customers have questions,” Grove said. “Buying a home can be stressful, but Arlene takes that stress away.”

Merchants Bank offer a full-range of home mortgage products and is well known as a leader in the mortgage industry because of its commitment to integrity and service to its customers, making sure they are taken care of throughout the process. Another of Merchants Bank’s strengths is that it services its loans, which means that questions are answered by a Merchants Bank employee who lives in the area. Currently, Merchants Bank services more than $2.6 billion in home mortgage loans.

Merchants Bank has 21 locations, including Minnesota locations in Red Wing, Cannon Falls, Hampton, Winona, St. Charles, Goodview, Rochester, Caledonia, La Crescent, Spring Grove, Rushford, Lanesboro, and the southern Twin Cities metropolitan suburbs of Apple Valley, Cottage Grove, Hastings, Lakeville and Rosemount. Merchants has Wisconsin locations in Eau Claire and Onalaska. Merchants Bank was founded in 1875. Loans are subject to approval. Merchants Bank Equipment Finance, the company’s leasing arm, is based in the Twin Cities.

Ben Franko Joins Merchants Bank in Eau Claire as a Mortgage Lender

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Ben Franko, Mortgage Lender

Ben Franko has joined Merchants Bank in Eau Claire as a Mortgage Lender and Assistant Vice President, according to Larry Accola, President for Merchants Bank in Eau Claire.

“We’re excited to add Ben to our team. His knowledge and passion for our community, the Chippewa Valley and mortgage lending will make the experience easy for customers as he guides them through the mortgage loan process from start to finish and helps get them into the right home,” Accola said.

Franko has been serving customers throughout the area in a number of roles over the past 13 years, including more than nine years in mortgage lending, most recently with Wells Fargo.

“I believe the most important part of banking is the relationship between a banker and customer,” Franko said. “And the best place for a customer to develop that sort of relationship is in a true community bank like Merchants, where it’s clear the Bank puts its customers’ best interests at the forefront of what it does each and every day.”

One of Merchants Bank’s strengths is that it services its loans, which means that questions are answered by a Merchants Bank employee who lives in the area. Currently, Merchants Bank services more than $2.5 billion in mortgage loans.

A graduate of the University of Wisconsin-Eau Claire, Franko has been involved in the community and currently serves as President for the Community Table Board of Directors. Franko and his wife, Sonja, have a son, George, and a daughter, Madeline.

Merchants Bank has 21 locations, including its location in Eau Claire and another Wisconsin location in Onalaska. Minnesota locations include Winona, St. Charles, Caledonia, Spring Grove, Rochester, Rushford, Lanesboro, La Crescent, Cannon Falls, Red Wing, Hampton, and the southern Twin Cities metropolitan suburbs of Apple Valley, Cottage Grove, Hastings, Lakeville and Rosemount. All banks are FDIC members and equal housing lenders. Loans are subject to approval. Twin Cities-based Merchants Bank Equipment Finance is also a division of Merchants Bank, N.A.

First-Time Homebuyer? Mortgage Pre-Approval is the First Step

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Where is your dream home? What does it look like? It would be a shame if when you found it, someone else’s offer was accepted before yours because you didn’t have mortgage pre-approval. With mortgage pre-approval you can:

  • Be confident when making an offer on your first home
  • Know how much money you can borrow
  • Show home sellers and realtors that you are serious about making and offer and ready to move forward today
  • Potentially be selected over other home seekers who make an offer who haven’t been pre-approved

Apply for Pre-Approval Now Schedule an appointment with one of our experienced mortgage lenders, or choose a lender and start the process by applying online. Get started.

Start Saving for Your Down Payment According to RealtorMag, it can take an average of 12 and half years for first-time homebuyers to save a 20% down payment for a house.* You can start saving more each day with a Home Buyer’s Certificate of Deposit.** This CD is a smart way to put away money for the future:

  • Interest compounds quarterly, and the CD is renewable every 12 months.
  • Higher rate than a normal 12-month CD.
  • Early withdrawal penalties are waived if the money is used to purchase a residential property financed by Merchants Bank.
  • Start with a $100 minimum deposit and then continue with a minimum deposit of $100 per month.

Click here to start the process for opening your Home Buyer’s CD today.

Loans are subject to credit approval.
*http://realtormag.realtor.org/daily-news/2014/11/07/20-down-payment-takes-12-years-saving
**12 Month Home Buyer’s CD requires a $100 minimum opening deposit and a $100 minimum monthly deposit. Additional deposits may be made at any time. Withdrawals prior to maturity will not be subject to penalty if the funds are used to purchase a primary residence that is financed through Merchants Bank, unless funds are withdrawn within 6 days after initial deposit. In this case there is a minimum penalty of 7 days interest. If funds are withdrawn prior to maturity for any other reason a penalty of 180 days interest will be assessed. When funds are withdrawn, either prior to or at maturity, the entire balance must be withdrawn. Partial withdrawals will not be allowed. Mortgage loan is subject to credit approval.