Personal Loan Products

• Mortgages
• Home Equity Loan Product (HELP)
• Consumer Loan
• Student Loan
• Credit Cards
• Calculators

Mortgages

The Mortgage Process

At the Bank of New Glarus we want to make your process of buying a home, less intimidating. We have outlined the necessary steps below to provide you with the knowledge and tools to make home buying less stressful. We will help you focus on the thrills of being a homeowner.

Step 1: Check Rates and Calculate

Go to our Cool Stuff menu to answer the following questions:

• What might my monthly payment be?
• How much can I afford?
• Should I rent or buy?

Step 2: Pre-Qualify

Before you even begin house shopping, you will want to meet with one of our experienced Lending Officers about pre-qualifying for a mortgage. This step will help to determine exactly how much house you can afford.

Step 3: Complete and Sign Application

Once you have met with one of our Loan Officers, you will need to provide the needed information on your personal information on your personal financial situation. At this point, you will also be asked to sign documents allowing us to check with your bank, employer and allow a credit check.

Step 4: Find a home

Once you have found a home, you will be asked to complete the property specific information on the application.

Step 5: Appraisal Conducted

The home that you purchase will be used as collateral to your loan and acts as a security to The Bank of New Glarus and its Sugar River Branches. Therefore, we require an independent appraisal report. The appraiser estimates the current value of the property based on the neighborhood, the size of the property, the age of the property, and it's structural condition. We will contact you with the results of the property appraisal.

Step 6: Commitment Issued

Our underwriters will review your applications and make a decision on your loan. Once it is officially approved, you'll receive a commitment letter. The final step is to schedule a time (within the number of days mentioned in the commitment letter) with your loan officer for the closing and property transfer.

Step 7: Closing

This is when you take legal ownership of the property. Usually all the parties involved (seller, attorney, lender, and buyer) attend. Prior to the closing, you will be informed of the exact amount of down payment and closing cost money you need to bring. You will also be asked to bring proof of insurance for the property. At the closing, you will be given a brief explanation of a number of legal documents and asked to sign them. As a buyer, you will sign a mortgage note, which is the personal promise to repay the loan, and the mortgage, which is the financial lien or claim against the property. Finally, the moment you have been waiting for, you receive the house keys and are officially a homeowner!

Home Equity Loan Program (HELP)

• Interest rates usually lower than most credit cards
• Interest is usually tax deductible if tax forms are itemized
• Ability to borrow, pay down and borrow again without having to receive prior approval
• Monthly billings
• Offers significant financial flexibility

Consumer Loan

Have you been dreaming of that new car, recreation vehicle or vacation? We will review your loan request quickly and confidentially and provide you with simple and clear explanations of the options available to you.

• Ability to get something now
• Flexibility of repayment schedules and durations

Student Loan

Time to go to college? Thinking about going back to school after some time at work or raising children? We would love to talk to you about your aspirations and goals. Need a student loan? We are here for you in making this life changing decision. Contact a loan officer at any of our branches for more information on our student loan program or to apply online, visit www.brainscratch.com,

Credit Cards

You chose to bank with a local financial institution for a reason...

We’re giving you one more –
A Visa® Platinum Card with everything you need. Call or contact us for more information or for an application!

Personalized Service –
You have the support of your local financial institution.

• Online access to your account - www.mycardstatement.com
• Call our specialized VIP Customer Service Department 24x7.
• Come in to receive a little extra help

Reward Yourself –
Would you like some gifts with your groceries?
Perhaps a trip to the beach with your dry cleaning? With every Visa Platinum Card purchase, you can earn points toward your favorite rewards!

• Earn one point for every net dollar in retail purchases.
• You can redeem points for merchandise, rental cars, cruises, hotels and airline travel with fewer restrictions and no blackout dates. There’s no cap to how many points you can earn!
• For a full list of ways your card can pay you back, visit www.ScoreCardRewards.com and click on “Browse”.

Worldwide Acceptance –
If you’re going across town or around the world, you’ll enjoy more shopping, more fine restaurants, and more travel opportunities with your Visa Platinum Card because your credit card works at millions of places that accept Visa credit cards. Make your new Visa Platinum Card your constant traveling companion and you’ll always have instant credit at your fingertips.

Security Programs –
We take your security very seriously. That’s why your Visa Platinum Card has multiple layers of cardholder protection that gives you an extraordinary level of security. You can feel confident no matter how you use it.

• Verified by Visa - Activate your card for this service and create your personal password for online purchasing protection.
• Zero Liability Policy - Your liability for unauthorized transactions is $0. Promptly notify us and you pay nothing.
• Identity Theft Assistance - If you suspect that your identity has been stolen, call 1-866-ID-HOTLINE to get access to free and confidential assistance.
• 3-Digit Code - On the back of your Visa Platinum Card, you’ll find a special 3-digit code (also called Cardholder Verification Value or CVV2), designed to provide an additional layer of internet and telephone fraud protection.

Travel Benefits –
For protection while traveling, your Visa Platinum Card automatically provides you and your family with Travel Accident Insurance and Auto Rental Insurance.

Log in to your Bank of New Glarus Credit Card.