Banking Is Personal - Blog

Welcome to Banking is Personal. This blog is a place where Salin Bank hopes to give you information you can use. Our goal is to arm you with resources and knowledge about mortgages, wealth management, business lending and other banking-related issues that affect you and your financial objectives.

A Good Credit Report Can Be Your Best Friend

By Jane Harris, Mortgage Consultant, Columbus, Indiana, Salin Bank on October 5, 2015

It’s just three numbers, but the long-range impact can be powerful. I’m talking about your FICO score - that all-important number used by most lenders to assess your credit risk.

FICO scores are calculated by the three national credit bureaus - Experian, TransUnion, and Equifax; scores range from 300 to 850, with an average of about 713 for the entire United States as of October 2014, according to FICO, the company that developed credit scores. (Indiana has a median score of 711.)
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Scam Alerts

By Denise Maines, Vice President, Security Officer, Salin Bank on September 28, 2015

Every year, crooks employ an endless supply of schemes to defraud millions of people out of their hard-earned money. Oftentimes, scammers simply add new twists to old schemes by combining sophisticated technology with tried-and-true tricks to get people to send money or give out personal information. One thing that never changes: Scammers are able to somehow convince plenty of unsuspecting victims to hand over their cash.
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What Is This Thing Called a HELOC?

By Brittany Diebolt, Vice President on August 17, 2015

A home equity line of credit, or HELOC, is a revolving line of credit that secures your home as collateral for the loan. With a HELOC, you may have ongoing access to about 85% of your home’s value, less the balance remaining on your mortgage and adjusted based on your creditworthiness and ability to pay.
There are many features and benefits associated with a HELOC. Among the pros and cons:
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It’s All About Technology

By Jeff Binkley, Vice President - Director of Information Technolog on August 10, 2015

Look around in any restaurant or airport and you’ll likely see people checking their phones, a computer, or iPad. Now more than ever Americans are enamored with the instant gratification of technology, and banks are taking notice.
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House Calls

By Tom Lannan, VP Mortgage Division on July 13, 2015

In 2014, more than 18,000 men and women graduated from U.S. medical schools. However, in addition to their newly appointed degree and significant future earnings potential, many of these doctors and new residents also find themselves facing hundreds of thousands of dollars in student loan debt. 
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