Immanuel Refinances Mortgage
Five for Fifty campaign paying dividends
- In April 2011, Immanuel having a bold new vision for our future embarked upon the Five for Fifty Campaign and in one short year the faithfulness of its members has allowed us to reduce our mortgage debt from $1.6 million to $1.1 million.
- These blessings are continuing and are now paying dividends. On May 1, 2012, with favorable interest rates, the Board authorized Immanuel to refinance our debt with Thrivent Financial for Lutherans. This lower rate coupled with the Five for Fifty Campaign pre-payments, Immanuel’s board strongly believes the mortgage will be paid off by April 2016, six years earlier than expected.
- Freedom from our debt will help us in our vision to grow in faith, serve our community and serve our world.
Praise God and thank you.