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.

First-Time Home Buyers Have a HOP-ping Opportunity

By Dorothy Dodd, Salin Bank, Mortgage Consultant on August 16, 2016

Introducing Salin Bank's Home Ownership Program (HOP) 
“Young adults’ presence in the housing market has been largely predicted for years, REALTOR®Mag wrote last fall. That prediction is coming true. While Millennials (basically buyers in their 30’s) represented nearly one-third of home buyers in 2015, that trend towards increased homebuying is continuing this year.
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Are Family-Owned Banks Better?

By Jim Badger, Senior Vice President, Salin Bank on August 12, 2016

“Families like doing business with other families,” says David Bain in Family Capital, an online magazine for family businesses. The question Bain poses, though, is “Do they like banking with family-run banks?”
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With Salin’s Pre-qual, You’ll Be Shouting “No Surprise”!

By Sally, Salin Bank blog team. Interviewed Senior Mortgage Consultant Lynne Coverdale on August 4, 2016

Sally:  Borrowers talk about getting “pre-qualified” or “pre-approved” for a mortgage.  Are those two essentially the same?
Lynne: No, the two terms were definitely not designed to mean the same thing.  What I find, and what I share with both consumers and Realtors™, though, is that different institutions tend to use the terms “pre-qualification” and “pre-approval” in different ways. The main idea, of course, is that both pre-qualification and pre-approval letters are ways to certify that a buyer can reasonably expect to qualify to borrow a particular amount of money towards the purchase of a home.

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Salin Takes The Personal Approach in the Fintech World

By Robin Walker, Salin Bank's Executive Vice President, Chief Administration Officer on July 26, 2016

“The media headlines charting fintech’s progress in just the past year might even have you think that the end of traditional bank models is here. But that assessment is dead wrong,” reports the Huffington Post. “Banks vs. fintech? No contest, banks win.” 
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Getting Pre-Qualified is a No-Brainer in a Seller’s Market

By Lynne Coverdale, Senior Mortgage Consultant, Salin Bank on July 5, 2016

It’s only a piece of paper, and that paper has power for only two to three months. Still, if you’re in the market to buy a home, a pre-qualification letter is a crucial initial step in the mortgage process. That piece of paper certifies to everyone concerned – home sellers, real estate agents, and yourself – that, based on your overall financial picture, you can expect to qualify to borrow a particular amount of money towards the purchase of a home.
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