August 25, 2014

Max Equity, two great ways to finance home improvements!

Whether using MaxEquity’s Line of Credit or a Fixed Rate Loan, you can make the power of rising home values work to your advantage. Both programs allow you to pay back on your terms, and interest payments are usually tax deductible†.

MaxEquity Line of Credit
  • Works like a credit card.
  • Variable rates as low as 3.75% APR*, tied to Prime.
  • No application fee or pre-payment penalty.
  • No additional underwriting or out-of-pocket costs.

MaxEquity Fixed Rate Loan

  • Consistent monthly payment.
  • Rates as low as 2.99% APR.**
  • Terms from 5 to 15 years.
  • No application fee or pre-payment penalty.

Visit any LMCU branch or call (800) 242-9790 to learn more. 
Annual Percentage Rate (APR) as of July 14, 2014. Rate assumes auto-pay from LMCU checking account. Your rate may vary depending on your specific credit terms. †Consult your tax advisor about the tax deductibility of interest. *APR will not exceed 12%. **For example, on a $20,000 loan at 2.99%, you would make 60 payments of $359.28.

One Pencil Project pushes to the finish line

Donation window ends September 15.
Just a couple of weeks remain in our annual One Pencil Project campaign. Drop off any new, unused school supply listed below to any branch and we’ll deliver them to area classrooms in need. Or, let us do the shopping for you by making a cash donation!

  • Crayons, normal size
  • Crayons, larger size
  • Color marker pens
  • Hi-lighters
  • Glue sticks and glue bottles
  • Packaged notebook paper
  • Packaged construction paper
  • Packaged pens
  • Packaged pencils
  • Cash donations

For more information on how you can contribute, go to lmcu.org/onepencil. Together we can make a difference, one pencil at a time.

It's still a great time to buy, build or refinance a home!

It’s hard to believe that mortgage rates are still so attractive. And with a LMCU guaranteed low mortgage rate**, you can be sure you’re getting the best of the best. Rates are as low as 3.32% APR on 15 year fixed rate mortgages. Call (800) 242-9790 ext. 9912 or stop by any branch for details.
*APR as of 08/18/14. For example, your payments on a $150,000 loan on a $200,000 property value at an interest rate of 3.250% for 15 years would be $1059.16. If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. Your rate may vary depending on your specific credit terms and property analysis. Max Mortgage program. **Our Low Rate Guarantee: Lake Michigan Home Mortgage will match legitimate competitor offers or credit the borrower $300 off closing costs. Our low rate guarantee cannot be combined with any other offers. Rates subject to change.