This year, we’re celebrating the Hutt Scholarship’s 30th year of educational support. Since LMCU originally began as Grand Rapids Teachers Credit Union, we have a special spot for education. This annual scholarship program provides high school seniors with the opportunity to win one of 15 $2,000 college scholarships.
Your money will go farther with 3% (up to $500 per month) in cash back or points on gas purchases, 2% on groceries and 1% on everything else. Qualify for a Signature Max Rewards Visa card and you’ll get 2% back on restaurants and dining purchases, too!
We get that. Consider LMCU’s Skip-a-Payment program for a little extra financial breathing room.
According to nerdwallet.com, the biggest mistake buyers make is starting the homebuying process without a lender. With an LMCU loan officer, you can get pre-approved, so you’ll know exactly how much house you can afford. Sellers will know you’re serious. And other buyers can’t sneak in and steal the home of your dreams while you wait for the paperwork to process.
If someone is giving you a monetary gift to help you meet mortgage lending requirements, follow these three steps.
Make sure the donor meets all of the requirements (besides being generous). The donor is the person giving you the money. That person must be a family member, domestic partner, or fiancé. The donor also needs to prove that they have the funds available. Documentation might include a copy of their cancelled check, or a signed letter from their bank confirming the funds are in their account. An underwriter may require more than one form of documentation.
Every year, millions of Americans celebrate the holidays with traditions such as throwing parties and buying gifts for family and friends. Unfortunately, many also participate in a tradition that lands them in debt -- spending more than they can afford.
This year, break the buy-now, worry-later habit by creating -- and sticking to -- a special holiday spending plan. It won’t take long, and you’ll still be able to spread cheer without completely draining your wallet.
Held every October, National Cybersecurity Awareness Month (NCSAM) is a collaborative effort between government and industry to ensure every American has the resources they need to stay safe and secure online, while increasing the resilience of the Nation against cyber threats.
Home Builders Association of Greater Grand Rapids
September 27–October 12
Wednesdays | 5 p.m. to 8 p.m.
Fridays and Saturdays | 1 p.m. to 8 p.m.
Mortgage rates are the lowest they’ve been in a long time. Refinance your mortgage to lower your monthly payment, get rid of your Private Mortgage Insurance (PMI), or reduce your term and pay off your mortgage sooner.
To get started, contact us at (844) 754-6280 or visit LMCU.org/Refinance. Our mortgage contact center is now open extended hours to serve you.
A home equity line of credit lets you borrow and spend money just like a credit card, but with a rate as low as 4.99% APR.** Use the money to pay off high-interest debt like student loans, or put that money back into your home—increasing your home’s value and, more importantly, increasing its, “Wow! I love what you’ve done with the place!”
To learn more, visit homeequity.LMCU.org.
