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.

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. 
 ... Continue Reading >

Understanding the Limits and Rules for Deducting Home Mortgage Interest

By Katz, Sapper & Miller: Certified Public Accountants & Tax Firm on April 8, 2015

It is a generally known that taxpayers can deduct the payment of home mortgage interest on their tax returns. This post will detail both the extent to which these deductions can be taken and the limits and rules imposed on the deduction.
 ... Continue Reading >

Do You Have Too Much House?

By Lynne Coverdale, Senior Mortgage Consultant, Mortgage - Indy on March 9, 2015

For most people, a home is one of their biggest assets. It's also one of their biggest expenses. That’s why at some point in life more homeowners are saying goodbye to living large and hello to smaller living spaces. 
 ... Continue Reading >

Is Your Identity Safe with the IRS?

By Katz, Sapper & Miller on February 16, 2015

As tax filing season begins, the media and Internet are full of stories discussing telephone scams and e-mail phishing schemes related to the IRS and your personal information.
The telephone scam usually works like this: A person calls stating that he or she is with the IRS. This person will provide a last name – usually a common last name – and badge number. The person will give you the last four digits of your social security number. Your caller ID may even show that the call is from the IRS. The person will then state that you owe taxes and they need information from you in order to make arrangements to pay the amount supposedly owed. You may hear background noise to make it sound as if the person is calling from a call center. You may be threatened with legal action, jail time, or suspension of your driver’s license.
 ... Continue Reading >

First-Time Homebuyer? What You Need to Know

By Tom Lannan on July 17, 2014

Buying your first home can be both exciting and overwhelming. How much home can I afford? What do I need for a down payment? Should I choose a variable or fixed interest rate?
Buying a first home is one of the biggest investments a person may make in his or her lifetime. To ensure you are ready, it’s key to arm yourself with the right information. To begin the process, ask yourself the following questions:

 ... Continue Reading >