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Surviving Market Volatility During COVID-19 Virus Uncertainty

During this time, it may be comforting to remember that you are not alone. Everyone is wondering what the future holds for the Coronavirus (COVID-19). Everyone has the same fears and anxiety that you may be feeling right now. When it comes to your investments, all you can really control is how you react. Sticking…

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Helping Your Child Buy a Home

How quickly they grow up. Spend a few minutes talking to parents whose children are now grown up and you might hear a common refrain that goes something like this: the years go by so fast, one day they were in diapers and the next day they were moving out of the house. When a…

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Covering Your Mortgage with Insurance

If you, your spouse or life partner would pass away or if you become disabled and are unable to work, your family could potentially lose your home. These are unpleasant yet realistic considerations. Today, many households depend on two income earners in order to meet the mortgage payment and monthly expenses. Alerus experts see all…

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What Rising Interest Rates Mean For You

You’ve probably seen news about the Federal Reserve raising the prime rate, which trickles down to the interest rates charged and paid by banks, credit card companies and others. But what does this really mean for you or for your business? First, some perspective:  Rates are still historically very low. But even when rates rise,…

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Make Your Mortgage Work For You

When was the last time you reviewed your mortgage to make sure it was providing you with all the financial benefits possible? A mortgage is the largest investment many of us will make in our lives, but the longevity of a mortgage loan can make it easy to “set and forget,” resulting in missed opportunities…

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Do You Need An Emergency Fund? Six Reasons You Do.

An emergency fund is like building cardio in your exercise routine. It strengthens your daily financial wellness (like your heart and lungs), increases your long-term financial health (similar to your metabolism) and can lead to a longer, more financially fit life. Without an emergency fund, you may have to rely on credit cards, a loan…

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