Skip to content
LMCU Logo

LMCU News

You'll love banking here.

Get the latest news from LMCU

Four ways to take advantage of historically low mortgage rates

Posted September 1, 2020  |   Topics: Home Financing & Renovation

To put it nicely, 2020 hasn’t been the best. But one good thing to come out of this year is the historically low mortgage rates. Here are four ways you can use a home’s equity to work by refinancing.

When it comes to debt consolidation, you’ve got options

Posted July 27, 2020  |   Topics: Home Financing & Renovation

The economic impact of COVID-19 has us all searching for creative ways to make ends meet. One way is to consider the simple, effective option of debt consolidation. Debt consolidation is when you combine multiple high-interest loans into a single, lower-interest payment, potentially saving you hundreds of dollars each month.

Now that you can leave home …you won’t want to.

Posted June 25, 2020  |   Topics: Home Financing & Renovation

With a home equity line of credit, you can turn your house into the home you’ve spent the last few months (or years) imagining.

Six questions to ask yourself before building your forever home.

Posted June 25, 2020  |   Topics: Home Financing & Renovation

It probably feels like you’ve waited forever to build your forever home, but before you sign on the dotted property line, ask yourself these questions to make sure you’re really ready.

It’s the last month to win a $50,000 home makeover!

Posted June 25, 2020  |   Topics: Lake Michigan Credit Union, Home Financing & Renovation

LMCU’s $50,000 Home Makeover Sweepstakes is bigger than ever—with a $15,000 second place prize and a $5,000 third place prize.

How to manage your debt and improve your DTI ratio

Posted June 23, 2020  |   Topics: Home Financing & Renovation

What is DTI ratio?

Before you can improve your DTI ratio, it helps to know what a DTI ratio is. DTI stands for debt-to-income. It’s a comparison of your monthly debt payments versus your monthly income. Your calculated DTI ratio is used to help lenders get an idea of how well you manage monthly expenses, which helps them determine if you’ll be able to repay a loan.

Get out of the house…one way or another

Posted June 4, 2020  |   Topics: Home Financing & Renovation

If you were looking to move before the economy hit pause, or you’re ready for a change of scenery, now is a good time to buy. Realtors are back to work. Interest rates are still low. And the housing market is expected to pick up soon.

What will you do with $50,000? (Or should we say, what won’t you do?)

Posted June 4, 2020  |   Topics: Lake Michigan Credit Union, Home Financing & Renovation

LMCU’s $50,000 Home Makeover Sweepstakes is back and bigger than ever—with a $15,000 second place prize and a $5,000 third place prize.

Home equity line of credit starting at 3.00% APR

Posted June 2, 2020  |   Topics: Home Financing & Renovation

With a home equity line of credit, you can turn your house into the home you’ve spent the last few months (or years) imagining.

Lake Michigan Credit Union is giving away $50,000 for the ultimate home makeover

Posted May 27, 2020  |   Topics: Lake Michigan Credit Union, Community, Home Financing & Renovation

Lake Michigan Credit Union (LMCU) is pleased to announce the launch of its eighth annual Home Makeover Sweepstakes, with a grand prize of $50,000, a second place prize of $15,000, and a third place prize of $5,000.