February 25, 2016

Mortgage rates take an unexpected drop

First time home buyers benefit

The stars seem to be lining up in favor of first time home buyers this spring. Mortgage rates have taken an unexpected drop, making home ownership more affordable as we head into the traditional spring selling season.

Are you a renter? Why not take your monthly payment and put it toward an asset that accumulates in value? Home ownership is an investment. Rent is simply an expense that returns nothing to you. If you can afford to rent, you can usually afford to own.

Not sure if you’re there yet? Talk to a home mortgage professional at Lake Michigan Credit Union to see if ownership makes sense for you. With guaranteed low mortgage rates* and some of the lowest closing costs available, your first mortgage might well be your best. Get started today by calling us at (844) 890-9767, visit us online at lmcu.org, or stop by any branch location.

*Our Low Rate Guarantee: Lake Michigan Credit Union will match legitimate competitor offers or credit the borrower $300 off closing costs. Our low rate guarantee cannot be combined with any other offers.