Apr 16, 2012


Mailboxes have been overflowing with mailings from mortgage companies telling homeowners, "Now is a great time to refinance your home…and do it with us!" Anyone who"s following current events knows that mortgage rates are historically low, but is refinancing now the right choice for everyone? Bank of Luxemburg sorts it out for you.

There are several things to consider before deciding to refinance your home.
1. How long do you plan to be in your current home?
The longer the length of time you plan to be in your current home, the better, when it comes to refinancing. Reason being? With a longer stay in your current home, you may recoup expenses that could arise from the re-fi. If you’re planning a move in the near future, the costs associated with a re-fi might not offset the costs associated with moving.
2. Have you or your spouse had a recent change in job, schooling, or life in general?
A job change could mean a salary cut. Going back to school and the expenses associated with it might negatively affect those monthly expenses. Other changes like having a child or an elderly parent to care for could also cause a spike in expenses. With all these instances, having a reduced mortgage payment for the long haul might be worth the up-front expenses incurred with refinancing.
3. What is the current rate you are eligible for?
Take a look at the mortgage rate you currently have, and contact a mortgage lender to see what your new rate could be. The mortgage lender can advise you as to whether or not the rate difference is significant enough to benefit you.
Drum roll please…If you decide based on the above criteria that now IS the right time to refinance, here’s“the work” involved on your end.

1. Check your credit score (and your spouse’s credit score if you’re refinancing jointly).
Your mortgage lender will do this when determining your rate, but it doesn’t hurt to check in advance and make sure you are aware of your score and the reasoning behind it.
2. Request copies of (or locate) paperwork ahead of time.
In a paperless age, you’ll still need to locate hard copies of your (and your spouse’s) last two pay check stubs, your last two checking account statements, and if applicable, your last two savings account statements. You’ll also need your existing mortgage paperwork and property tax information. Keep all documentation clearly labeled and organized to make the refinancing process smooth and simple.
Refinancing can be a great choice for some people right now, but it’s important to ask the correct questions and make sure it’s the right thing for you. It’s also smart to be prepared for the legwork involved on your end, so there are no surprises once you get embroiled in the refinancing process. Speak with a mortgage lender you know and trust before beginning the process, and we at Bank of Luxemburg are always willingto help.

Apr 5, 2012

Bank of Luxemburg in Your Community

April is Community Banking Month, and it’s the perfect time to highlight the many advantages of community banks, including local decisions, a focus on families and bank employees who are active in their neighborhoods.
Dyckesville Parade in August 2011

At Bank of Luxemburg, we always celebrate community banking! We support our local communities with a variety of partnerships, sponsorships and events.

Join us for the Luxemburg Chamber of Commerce annual Easter Egg Hunt this Saturday, April 7, 2012, at the community center in Luxemburg. We’ll have games, face painting and a special appearance by the Easter Bunny, so remember your camera! Registration is at 9:00a.m. and the “hunt” officially begins at 9:30a.m. We have so much fun volunteering at this event!
2011 Easter Egg Hunt

2012 Mardi Gras was a fun night!
Bank of Luxemburg is a corporate sponsor of the Mardi Gras fundraiser for the Farm Market Kitchen in Algoma, a regional shared-use food processing business incubator. This year’s Cajun-style cocktail party was in February at The Marq in De Pere. Farm Market Kitchen clients provide samples of their food and beverage items; raffles and a silent auction raise additional funds. 

Two Bank of Luxemburg teams participated in the “Minute 2 Win It” challenge in January and dominated the competition based on the popular game show! The Retail Reapers took first place and the Algoma Educators took second place. All proceeds benefited the Door Kewaunee Business & Education Partnership.
Our Minute 2 Win It teams in January 2012

Bank of Luxemburg is a gold fork sponsor for the Kewaunee County Buy Local Network’s “Taste of the County” in October. The event features restaurants and beverage merchants from throughout the county serving samples of their specialty cuisine and beverages.
Taste of the County in October 2011

Bank of Luxemburg also celebrated the first “October is Buy Local Month” by participating in Kewaunee County’s “Buy Local Cares Day.” Local companies came together to help people and nonprofit organizations within the community.  Bank of Luxemburg had ten volunteers working several projects, including gardening work for Algoma Long Term Care; cleaning and organizing for the Kewaunee County Food Pantry; hosting a game day for seniors and disabled residents at Grand View Terrace Apartments in Algoma; and photographing and blogging tourism attractions for
Bank of Luxemburg Buy Local Cares volunteers

Throughout the summer, you’ll see Bank of Luxemburg at your community parades, the Kewaunee County Fair and the cookouts we hold at branch locations to benefit local organizations.
Proceeds from 2011 Bellevue cookout

Collecting food items and school supplies for needy families, sponsoring youth sports, donating to local charities, sponsoring the senior meal site in Luxemburg -- Bank of Luxemburg is Local. Loyal. Lasting. It's no surprise local consumers voted us as the Best of Kewaunee County's "Most Active in the Community" in 2011.
Bank of Luxemburg's KCYSA 2011 team

Visit Bank of Luxemburg on Facebook to keep up with even more ways we’re getting involved in our communities!

We appreciate your local support and thank you for your trust and confidence in us. Stop by any of our branches in April for a chance to win a stadium seat and basket of tailgating goodies to enjoy while watching your favorite team. You can also get treats in our lobbies and great experiences with our employees. 
Donations for Kewaunee Co. Food Pantry

We look forward to seeing you soon!