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.

Starting in July 2020, the Michigan insurance law is changing and you will have the ability to choose your preferred level of Personal Injury Protection (PIP) coverage, which may save you money on your insurance.

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.

In addition to our drive-thru service, all LMCU branch lobbies have reopened, and our staff is ready to serve you.

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.

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.

After a record 1,322 submissions and some very difficult judging decisions, the winners of this year’s Hutt Scholarship essay contest have been selected.

Lake Michigan Credit Union (LMCU) has been named the number one top-performing credit union in the United States by S&P Global Market Intelligence.

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.

For the fifth year in a row, Lake Michigan Credit Union (LMCU) is raising money to support local hospitals. In previous years, LMCU has focused on helping pediatric programs, but this year, they’ll support healthcare heroes in the fight against COVID-19.