For a limited time, we’ve dropped our fixed home equity loan rate to 4.49% APR!* Use your home’s value to fund your home improvements to increase its value and enjoyment. Or even pay off student loan debt or high-interest credit cards.
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.
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.
A cozy breakfast nook in the kitchen. A master bath with heated floors built in. A custom walk-in closet. Your one-of-a-kind dream home is full of possibilities. But before you build, here are five things you should know about construction-to-permanent loans.
With a LMCU Home Equity loan,* you can trade high interest rates, such as on credit cards, for something that’s easier on your budget. We offer two types of loans depending on how you want to put the equity in your home to work.
WalletHub™ recently compared 300 cities of varying sizes across key indicators, like cost of living and property taxes, to determine the best place to buy your first home. Our own Grand Rapids, Michigan came in at number four, and…drumroll please…Tampa, Florida came in at number one! To help you take advantage of where you live, here are five things every first-time homebuyer should know.
WalletHub™ ranked Tampa, Florida as the nation’s number one market for first-time homebuyers, and Grand Rapids, Michigan came in at number four.*** While we can’t take all of the credit, our friendly experts helped
Then comes love again. Because at LMCU, going from honeymoon to “Honey, I’m home!” is easier than you think. Here are four ways we can help you finance the home of your dreams:
