Your Medicare timeline: When to enroll and why it matters.
So you're turning 65 soon. You know you need Medicare, but when exactly should you enroll? And what happens if you miss the deadline?
Turning 65? LMCU has your back.
Congratulations on approaching a major milestone! Turning 65 is exciting — but let's be honest, the Medicare maze that comes with it? Not so much.
Tax season is busy. And yes, that's exactly why it’s prime time for scammers. But here's the good news: with a few smart moves, you can protect yourself and your sensitive financial information.
Nobody hands you a manual when you graduate high school. One day you're worried about homework. The next, you've got rent, a car payment, insurance, groceries, and a credit card offer showing up in your mailbox.
Are we alone in the universe? Is Bigfoot real? How is your credit score determined? These are the great mysteries of our time. And while we can’t help you with the first two, we can shed some light on your credit score. For better or worse, your score plays an important role in the mortgage process. The national average is 704, and the higher your score, the lower your interest rate. While a lower score can keep you from getting approved all together.
Featuring Guest Patty Corkery, President & CEO of Michigan Credit Union League
Most people think banks and credit unions are basically the same but they’re not. One is built to serve shareholders. The other is built to serve you.
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.
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Add to your LMCU membership with ease.
So, you want to buy a home.
That’s great news! As you prepare to take that first step, you may be wondering just how many steps there really are before you can open the door to your dream home. Well, wonder no more: LMCU’s mortgage experts are here to break down the homebuying process into easy, actionable steps — so you can feel overjoyed about buying a home, instead of overwhelmed.
Buying a home is one of life’s biggest, most exciting decisions. And because it requires a lot of careful consideration and planning, many would-be homeowners may hesitate to take the first step. But how many of these doubts about the housing market and mortgage process are based in reality — and how many are just myths?
