When looking at line-of-credit options and home equity loans, it’s important to understand that the main difference is the feature. A home equity loan is a single disbursement that requires a fixed ...

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“What about Bob?” The movie with Richard Dreyfus and Bill Murray was a box office hit. At Chelsea State Bank we have our own Bob. He needs some guidance, too. He understands that he can get money ...

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Setting a Plan to Eliminate Debt Whether you’re starting a diet, exercise routine or a strategy to eliminate personal debt – the plan is the easy part. Following the plan, not so much. It takes co...

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Stay on Top of Your Credit Scores – Look for Ways to Improve if Needed Your credit score dictates everything from credit card approval to mortgage interest rates. You can’t get away from your scor...

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Debt-to-income ratio, also known as: High School Math Class, Revisited People often want more house than they can afford, more car than they can afford, more things than they can afford. Perhaps it’...

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Take the Steps to Build Your Emergency “Rainy Day” Fund You’ve heard it said: “save for a rainy day.” Most of us have probably heard it endlessly repeated from our parents. But there’s som...

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Are you trying to make a big life change but need a little financial help? With all the financing choices out there, it can be challenging to find the right loan or credit option for your situation....

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Small businesses, which create the majority of new jobs, depend heavily on community banks for financing. Although small and mid-sized banks control less than one-quarter of all bank assets, they acco...

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Which is better? It depends on your needs. When deciding whether to take out a Home Equity Loan or Home Equity Line of Credit, consider your goals, your payment schedule, your spending habits and your...

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