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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, Wallet Wisdom

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.

Nine stay-at-home improvements

Posted May 7, 2020  |   Topics: Home Financing & Renovation

From a kitchen overhaul to an outdoor upgrade, here are a few ways to turn the stay-at-home order into a stay-at-home opportunity.

Right now we could all use a little support - home equity line of credit

Posted May 5, 2020  |   Topics: Home Financing & Renovation

At LMCU, not even social distancing will stop us from having your back. Our home equity line of credit, starts at just 3.00% APR.* Borrow and spend money just like a credit card. Use the extra cash for any immediate needs, or pay off high-interest debt to strengthen your financial stability for the days ahead.

The benefits of a credit card without the interest rate of a credit card

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

A home equity line of credit lets you borrow and spend money just like a credit card. But unlike a credit card, the interest rate is tied to the prime rate. With the prime rate at historically low levels you can access credit at a fraction of what most credit cards charge. Use the money for any immediate needs, or pay off high-interest debt.

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