Thinking About What's Next For Your Home?
Decisions about your home carry real weight — for you, your family, and your financial future. Before you make your next move, take a moment to talk it through with our team of local lending experts.
We’re here to help you gain clarity, whether you’re thinking about buying a new home, making improvements to the one you have, or simply staying put until you're ready. As a leading Michigan credit union, your financial success is the reason we’re here. Think of us as your personal guide through the Michigan housing market. Our success is measured by the confidence you feel when you finally walk through your front door or finish that home improvement project.
Let's Talk About Your Home Goals
Start with clarity, not a commitment. Let us know you're interested, and we'll follow up within 1-3 business days. You can also stop by any of our local Michigan branches anytime.
Talk with a Financial Champion
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Explore Our Flexible Home Loan Options
Your home is likely your biggest asset. We offer several ways to put that value to work for you:
Home Equity Loans : Perfect for a one-time lump sum to tackle home projects, upgrades, or consolidate high-interest debt.Home Equity Line of Credit (HELOC) : Offers flexible financing you can draw from as needed. Check our current Michigan HELOC rates to see how much you could save.Mortgages : Moving to a new home? We offer a variety of mortgage options for first-time buyers and seasoned homeowners alike. We’ll help you find the best fit so you can get into your new home faster.
Market-Leading Loan Rates For Your Home Goals
Read Our Latest Blogs
Whether you update or relocate, MSGCU can champion your home goals
In our current housing market, you may be wondering if it would be better to move or improve the home you’re already in. MSGCU has the tools and guidance to give you confidence to make the right decision for you.
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Thinking about the next steps for your home? MSGCU can help.
Considering options about what to do with your home can be overwhelming. MSGCU can help by talking through your goals and providing solutions that will leave you feeling confident in taking the next steps.
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Using Your Home's Value: A Guide to Home Equity Loans and HELOCs
If you’re looking to tap into your home’s equity, you have two great choices in a Home Equity Line of Credit (HELOC) and a Home Equity loan (HE). Learn more about these two options, their key features, and factors to consider before deciding which is right for you.
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Choosing a mortgage consultant: why it matters more than you think
Finding the right mortgage consultant is just as important as finding the perfect home. Use our guide to help you choose your consultant wisely.
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I didn’t know I could use a home equity loan for that!
While most associate home equity loans with financing home improvements, there are many more uses for these handy loans to help you reach your financial goals.
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Update or vacate? Making the best decision for your home.
With today’s hot housing market, is it better to update the home you’re in or move? Read on to learn more about the opportunities and challenges for each decision.
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The Anatomy of a Mortgage Payment
Learn about the components of your mortgage payment, including how it's calculated and ways to effectively manage your payments.
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EMDs and ARMs and ARPs, oh my! MSGCU breaks down common mortgage terms.
Mortgage terminology can be confusing, but we can help make understanding them easier. Read on to learn the ABCs (and EMDs, LTVs, and APRs) of mortgage language.
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6 tips for a hassle-free mortgage process
Make your homebuying journey easier by starting with the right mortgage lender. Follow these tips to find one and enjoy a smooth homebuying experience.
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Financing your vacation home
You’ve decided you’re ready to buy your dream vacation home, now what? In this article we’ll cover first home vs second home purchases, financing options, and more.
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8 true costs of buying a vacation home
Considering a second home or vacation home? Here are eight key costs to consider.
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Busting the 20% down myth
It’s common to think you need to save 20 percent of a home’s value for a down payment before home ownership can be considered. Good news: it’s a myth. Read on for more good news.
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Put your home’s equity to work for you this summer.
The hot real estate market has led to a boom in popularity for home equity loans with many Michiganders choosing to stay in their home purchased or refinanced when mortgage rates were historically low. Read on to learn what a home equity loan is, what you can use it for, and see if it’s right for you.
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First-timers’ guide: The three stages of the homebuying process
The process of buying a first home can seem overwhelming. With a step-by-step approach, the experience becomes less daunting – and a lot more fun.
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Four Steps to Go From Renting to Buying
Tired of renting your home, but not sure you’re ready to buy? Here’s how to make the best decision and go from renter to buyer when you’re confident it’s time to purchase a home.
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Mortgage options to help you unlock the door of your dream home.
Not all mortgages are the same. Rates, product offerings, and other benefits add up to your perfect mortgage package.
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Turn renting into owning with our step-by-step guide
Tired of renting, and feel the homebuying process can be overwhelming? See why now is the perfect time to become a homeowner with our easy step-by-step homebuying guide.
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Applying for a new mortgage? We have tips to save you time.
Whether you are a first-time home buyer or reentering the home buying or refinancing market, the application process might seem daunting. Before you start emptying your filing cabinet for documents, see how you can streamline the application process.
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Two truths and a lie about homebuying success
As the winter turns to spring, many turn to shopping for a new home. An MSGCU mortgage expert describes two truths and a lie about being ready for the spring shopping season.
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Your 2022 home goals: Tips for financing home improvements or a new home
A common 2022 goal is home improvement, either with renovations or a move. Here are some tips on financing your goals for the new year.
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8 myths of modern mortgages every homebuyer should know.
Whether you’ve done this before or you’re a first-time homebuyer, getting current about best practices for finding and financing a new home is always a good idea.
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†APR = Annual Percentage Rate. Rates may vary, based on term, credit history, collateral, and whether this loan will serve as a first or second lien. Variable rates are tied to market index (or prime rate), not to exceed 18.0% APR. Minimum initial credit advance required based on credit limit. $75 annual fee may apply and third party fees paid by MSGCU to be reimbursed up to $500 if line of credit is closed within 36 months of loan opening. Michigan properties only.
*APR = Annual Percentage Rate. Rates may be higher, based on term of loan, credit score, collateral, and loan to value. Ask an MSGCU Representative for details.Example: A loan amount of $15,000 at 60 months with up to 80% Loan-to-Value and a rate as low as 6.25% (second lien) would be approximately $291.76.
**APR = Annual Percentage Rate. The initial payment is based on a $200,000 loan amortized over 30 years. This assumes the loan is for the purchase of a single-family residence that will be used as a primary residence. The payment consists of principal and interest and does not include taxes and insurance premiums. The actual payment amount will be greater. After the initial fixed period, the principal and interest payment can change every year for the remaining life of the loan. View payment details .
