The economic impact of COVID-19 has us all searching for creative ways to make ends meet. One way is to consider the simple, effective option of debt consolidation. Debt consolidation is when you combine multiple high-interest loans into a single, lower-interest payment, potentially saving you hundreds of dollars each month.

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.

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.

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.

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.

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.

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.

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.