Does your current living space still work the way you need it to? Does the housing market feel too competitive? Does the thought of renovating the home you’re in seem like a bigger hassle than moving?

Not sure where to even begin?

“When a home decision feels overwhelming, a conversation can make all the difference,” says Michigan Schools and Government Credit Union Region Manager, Tina A. “At MSGCU, our Financial Champions listen, walk you through your options, and provide guidance and clarity every step of the way.”

When you start with a conversation, you can leave feeling confident in your next move, whether it’s to a new neighborhood or a remodeled space in the home you already love.

Refresh the home you’re in

The idea of moving to a new home can stir a lot of emotions. Perhaps you love your neighborhood or the kids’ schools, but don’t love your house. When your living space needs to work harder for your family, the equity in your home may provide options to make that a reality. Our team can work with you and talk you through the financial options that work best for you.

• Home equity term loans. Know how you want to rework your living space and need funds now? A home equity loan from MSGCU could be the solution. Borrow up to 90% of your home’s equity in one lump sum. Get a low, fixed rate and flexible repayment terms up to 15 years.
• Home equity line of credit (HELOC). Need a little more time with your home improvements? MSGCU offers two HELOC options that provide flexible solutions for your big goals. Borrow only what you need, when you need it. Draw on them up to 10 years and repay over 15.
• Renovation loan. Make the major updates you want without the hassle of taking out a second loan. Ideal for substantial expansions and transformative upgrades that reshape your living space, an MSGCU renovation loan offers convenience and simplicity by combining your mortgage and renovations in a single payment.

Get into a new home with help from MSGCU

Maybe your growing family needs more space or the kids have flown the nest and you want to downsize. No matter the reason, MSGCU will work with you every step of the way. From working one-on-one with a local mortgage consultant to understand your finances, to special offers and programs designed with members in mind, MSGCU has you covered.

• Free Homebuyers Workshop. Learn the homebuying process from one of our financial experts. And as our way of saying thank you for attending our free Homebuyers Workshop, we’ll give you a coupon to save up to $375° on your appraisal.
• True Preapproval. Once approved, we’ll provide you with documentation so that you can move forward with your real numbers, and it can be ready for you in as little as one hour.
• Interest Rate Float Down. Our one-time float-down option allows you to lower your locked interest rate should rates go down 0.25% prior to your loan closing.
• No down payment mortgage for first-time homebuyers. Don’t have 20% for a down payment? No problem! Finance your entire mortgage without needing cash for a down payment.
• Earn $100^† with our Member Referral Program. If a member recommended us for your new mortgage, work with the same Mortgage Consultant that served them, and you'll both get rewarded!

Conversation without commitment

If you’re ready to make your move or just need some help understanding your choices, MSGCU is here to help. Call, video bank, make an appointment or stop by any one of our 24 branches.

°Attend our free Homebuyers Workshop and receive a coupon worth up to $375 to apply towards a residential real estate appraisal when you obtain a mortgage from MSGCU. The coupon credit will be applied at the time of closing.
†You must be at least 16 years old, and a member of MSGCU to participate in the Program. Referrals made to existing members of MSGCU are invalid. By making a valid referral that is completed by a Friend in accordance with the Program Terms, you and the Friend will each receive a cash reward as follows: $10 for a new MSGCU membership which is established by the Friend and remains in good standing for a period of at least 60 days; $25 for an approved and funded Auto, RV, Boat or Powersport loan of $5,000 or more applied for by the Friend within 10 days of membership open date; $25 for a new MSGCU VISA credit card which the Friend must apply for within 10 days of membership open date and be approved for within 30 days of application date; $100 for an approved and funded mortgage loan applied for by the Friend and funded within 180 days of membership open date; $25 for a new checking account opened by the Friend and funded with $25 or more within 10 days of membership open date. The Friend will receive an additional $25 reward if they make 10 debit card transactions of $10 or more via the new checking account within 60 days, or they receive a direct deposit of $100 or more into the account within 60 days. Only one reward per reward type is available, for each Friend referred, subject to a maximum of $1,500 in cash rewards per calendar year. Rewards will be automatically deposited into your oldest existing MSGCU primary share account two business days following confirmation by MSGCU that the referral has been made in full compliance with the Program Terms. Reward cash payments are considered interest and annual payments totaling $600 and above will be reported on IRS Form 1099-MISC, to federal, state, and local tax authorities, if required by applicable law. You are responsible for any taxes due. For full terms and conditions, visit https://www.msgcu.org/disclosures-and-fees.

Category: Home