Many banks and credit unions offer personalized banking, but what does this really mean for you? At Minnesota First personalized banking means tailoring banking products and services to your unique needs and preferences. It goes beyond knowing your name and extends to learning about and understanding your financial goals and then providing services, information and advice based on those goals. This helps you make more informed decisions.
For example, let’s say you want to purchase a new car, but you have no idea how much to spend and what your monthly payment will be. Our lenders can help you determine how much to spend based on what you have for a down payment and what you want your monthly payments to be. Many customers find this very helpful before going out to shop for a vehicle, so they don’t look at vehicles out of their budget which can lead to disappointment and frustration. Our lenders can also help you learn about and select the products that are most useful to you when making that car purchase such as buying an extended warranty or GAP insurance.
Minnesota First’s real estate lenders can also help you on the mortgage side of things. For example, if you want a mortgage debt consolidation loan, our lenders can help you select the debts that you want to pay off with your consolidation loan. Some debt is more advantageous to pay off due to rate and debt structure. Our lenders can help you come up with a plan to get the most out of your debt consolidation loan.
Want to try our personalized banking for yourself? Contact us today and let us help you reach your financial goals!