Appropriate Asset Allocation is Key to Investing For the
SVP Wealth Services
We have all heard the phrase “Don’t put all your eggs in one
basket.” Sound advice that can be applied to our lives in a
variety of ways, but it is especially appropriate to apply it to
investment management strategies. And, while its intent is
clear, it can lead to more questions such as “How many, and what
kinds of baskets should the eggs go in?”
In investment management vernacular, the term for dividing
investments into different baskets is called diversification.
Diversification involves spreading your money among various
investments in the hope that if one investment loses money, the
other investments will more than make up for that loss.
Baylake Bank Now Offers USDA Rural Housing Loans
Contributed by: Andrew Lamack, Mortgage Loan Officer, NMLS
The Guaranteed Rural Housing (GRH) Loan program
has fixed-rate mortgage financing, administered by the United
States Department of Agriculture (USDA), Rural Development
division. GRH Single Family Housing program offers low to
moderate income rural homebuyers with assistance to achieve the
dream of home ownership. To do this, Rural Development partners
with approved local lenders like Baylake Bank to extend up to
100% financing opportunities to eligible rural individuals and
families for the purchase of a single-family dwelling. To
qualify, applicants must purchase a home within the eligible
rural areas, and have a household income that does not exceed
the established limits where the home is located.
Read full article.
Baylake Bank Expands Product Offering & Announces Launch of
Prepaid Card Programs
Bank announced the launch of a reloadable prepaid card program
created as a full-service alternative to traditional checking.
Ideal for students, travelers, and those looking for more
security when shopping online, the prepaid program also provides
low-cost, feature-rich access for those who have not had a
traditional checking account.
Baylake Bank Together with ABA Recommend Online Safeguards
Baylake Bank, together with the American Bankers Association (ABA) urges bank
customers to take an active role in protecting their privacy. Banks use a
combination of safeguards to protect customer data, which allows them to detect
unusual spending patterns and protect accounts. However, customers also play an
important role in safeguarding personal financial information.
Read Full Article
Rates are Still Low for Home Buying
By Vicki Shefchik, Mortgage Lender, NMLS #495846
Have you been
thinking of finally taking that step in purchasing your first home? Or, maybe
it’s time to upgrade from your current home to provide your family with added
space or a new location. As you shop for your dream home,
ask yourself these key questions very
early in your search.
You Should Consider When Co-signing a Loan
There are many things you should consider
before co-signing a loan with someone. Just as with any other legal agreement,
when you co-sign a loan agreement you have specific obligations under the
agreement that your lender (“creditor”) will make you aware. continued
Assistance Can Make a Home Purchase a Reality
By Kelly Peterik,
are like many Americans, the dream of owning your own home may feel unattainable
without having considerable savings available for the home’s down payment.
Baylake Bank participates in several programs to provide not only first time
buyers, but also second time home owners (in select instances) the
down payment assistance
necessary to make a mortgage down payment.
| 217 N. 4th Avenue, Sturgeon Bay, WI 54235-2405
(920) 743-5551 or (800) 267-3610
Copyright © 1997-2013 Baylake Bank. All rights reserved.
Baylake eNews -
Baylake Business Community eNews