With costs on the rise due to inflation, many people are having a tough time making ends meet. This obviously puts a strain on savings and makes it difficult to be prepared for winter, the holiday gifting season, and unexpected emergencies. Here are tips that may help you. The average home in the US spends more than $2,000 a year on energy; 55% of that is for heating and cooling. Midwest winters can be freakishly cold. All joking aside,    ..read more

Are you in the market for a car, apartment, or your very first home? If you answered yes to any of these, then you should focus on understanding credit scores and why they are essential. What is a Credit Score? A credit score is a 3-digit number (between 300 to 850) that your lender will use to determine your creditworthiness. Think of your credit score like a report card – it shows whether you've been meeting your debt payments on time. The lender uses ..read more

Effective May 1st, 2023, Fannie Mae and Freddie Mac is making changes to the Loan-Level Price Adjustment Matrix. These fee structure changes will impact all whole loans purchased on or after May 1, 2023, and for loans delivered into MBS with issue dates on or after May 1, 2023, unless otherwise noted here. Will these LLPA Changes Impact Prevail Bank Home Loans? No, this mortgage fee structure change will impact only those loans that are sold directly to ..read more

Why do I get spam calls after I apply for a mortgage? We understand that this can be frustrating for you as a consumer. It's natural to assume that the bank sold your information to a third-party vendor. However, it's important to know that the bank did not sell your information. The credit bureaus sold your information as a trigger lead. What is a trigger lead? Trigger leads are consumer reports created and sold by the credit bureaus and include data on ..read more

You’ve decided to build a new home, that’s exciting! Your next step is to determine which type of construction loan will fit your needs best and help you finance building your new home: a construction-to-permanent loan or multiple loans. Construction-to-Permanent Loan Vs. Multiple Loans for building A construction-to-permanent loan is a one-time loan that offers cost-saving benefits and finances both the construction and permanent ..read more

Real local people pursing what's possible. Bill, a Northwestern Wisconsin native, is just like you. He went to college, works, and banks in the Eau Claire area. Bill knew of Prevail Bank through his relationship with our Eau Claire Mortgage Lender, Ryan (NMLS# 1836499). He wanted to try a community bank to find flexible financing for his unique home loan needs that larger banks weren’t available to help meet. Bill chose to bank with us because at Prevail Bank, it’s ..read more