Skip to content


You'll love banking here.

Get the latest news from LMCU

Consolidate Debt or Renovate Your Home

Posted March 1, 2019  |   Topics: Home Financing & Renovation

Which option is right for you—Line of Credit or Fixed Loan?

Home Equity Line of Credit (HELOC)

Just like a credit card, you can buy the things you need now and pay off your balance over time— borrowing against the value of your home. As you repay your balance, the funds become available again.

  • Borrow up to 80% Combined-Loan-To-Value (CLTV*)
  • Rates as low as 5.24% APR**
  • No fee to convert to a fixed rate
  • No fees or out-of-pocket costs in most cases
Home Equity Fixed Loan

A fixed loan lets you borrow a lump sum of money for a set purpose. Take advantage of a low fixed rate with regular monthly payments and terms to fit your needs.

  • Borrow up to 90% CLTV
  • Rates as low as 4.74% APR**
  • Consistent monthly payments, and terms from 5 to 15 years
  • No fees or out-of-pocket costs in most cases

Get started today. Call (616) 301-8899, visit or stop by your local LMCU branch.

*CLTV=Combined Loan To Value-CLTV. **Annual Percentage Rate (APR). Best rate offered, your rate may vary depending on your specific term and credit profile. Rate subject to change. Rates as of 2/19/19. Rate assumes auto-pay from LMCU checking account. Subject to credit approval

Topics: Home Financing & Renovation