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Get out of the house…one way or another

Posted June 4, 2020  |   Topics: Home Financing & Renovation

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.

What will you do with $50,000? (Or should we say, what won’t you do?)

Posted June 4, 2020  |   Topics: Lake Michigan Credit Union, Home Financing & Renovation

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.

Home equity line of credit starting at 3.00% APR

Posted June 2, 2020  |   Topics: Home Financing & Renovation

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 is giving away $50,000 for the ultimate home makeover

Posted May 27, 2020  |   Topics: Lake Michigan Credit Union, Community, Home Financing & Renovation

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.

Nine stay-at-home improvements

Posted May 7, 2020  |   Topics: Home Financing & Renovation

From a kitchen overhaul to an outdoor upgrade, here are a few ways to turn the stay-at-home order into a stay-at-home opportunity.

Right now we could all use a little support - home equity line of credit

Posted May 5, 2020  |   Topics: Home Financing & Renovation

At LMCU, not even social distancing will stop us from having your back. Our home equity line of credit, starts at just 3.00% APR.* Borrow and spend money just like a credit card. Use the extra cash for any immediate needs, or pay off high-interest debt to strengthen your financial stability for the days ahead.

The benefits of a credit card without the interest rate of a credit card

Posted April 1, 2020  |   Topics: Home Financing & Renovation

A home equity line of credit lets you borrow and spend money just like a credit card. But unlike a credit card, the interest rate is tied to the prime rate. With the prime rate at historically low levels you can access credit at a fraction of what most credit cards charge. Use the money for any immediate needs, or pay off high-interest debt.

Ways to save for a down payment on your home

Posted March 31, 2020  |   Topics: Home Financing & Renovation

Use your tax refund.
Put all or part of your tax refund away into savings (or better yet, a 3% Max Checking account) so it's ready when you finally find the one.

What to expect from app to close

Posted March 24, 2020  |   Topics: Home Financing & Renovation

To help make the homebuying process feel less like a process, we’ve broken it down into five essential steps.

Get pre-qualified to find out how much you can afford

During our initial conversation, you’ll tell us about your homebuying needs, and we’ll explain your options. We’ll review your financial information, including total assets and credit rating, to determine what amount you can qualify for.

Another one bites the saw dust

Posted March 1, 2020  |   Topics: Home Financing & Renovation

Project by project, you’re slowly turning your fixer-upper into your dream home. With a home equity line of credit, you can purchase the tools and materials you need for your current project, and as you repay your balance, the funds become available again for your next project. Rates start at just 4.49% APR*** for well-qualified buyers. Learn more at HomeEquity.LMCU.org.

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