Two convenient options are available: online banking or an automatic clearing house (ACH) payment.
Online Banking
Online banking offers benefits such as the ability to check your loan balance, make extra loan payments, view your scheduled...
Your debt-to-income ratio is the percentage of your monthly gross income that goes toward paying your debt. Total debt / income = debt-to-income ratio.
Loan-to-value (LTV) is calculated simply by taking the loan amount and dividing it by the value of the asset or collateral being borrowed against. In the case of a mortgage, this would be the mortgage amount divided by the property's...
The terms are based on whether the loan is secured or unsecured, the age and type of collateral, and your relationship and history with First Interstate Bank.
The interest rate is based on your relationship and history with First Interstate Bank, your credit score, and other factors related to the request. A personal banker will be able to thoroughly explain your rate.
When a borrower takes a loan, they receive a one-time lump sum disbursement, which is paid back in equal installments over the term of the loan (close-ended credit).
When a borrower has a line of credit, they can access funds on an ongoing...
Your banker will check your credit score when you apply for a loan. If you would like to research your credit, www.annualcreditreport.com will provide a free credit file disclosure once every 12 months from Equifax, Experian, and TransUnion,...
First Interstate Bank provides two ways for customers to apply for a loan: in-person or online. Please note that you must apply for Home Improvement and Home Equity loans in-person.
In-person Application: If you would like to meet with a...
