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Buying or Refinancing a home?

Home purchases and refinances are your largest investment as an owner.  Our staff is dedicated to walk you through this process and answer all your questions. Start by applying for a mortgage loan today!


Terri Halter
248-334-0568
mortgages@michiganlegacycu.org
NMLS# 962396
 

Lisa Thomas
248-334-0568
mortgages@michiganlegacycu.org
NMLS# 819372

Tamara Hall
248-334-0568
mortgages@michiganlegacycu.org
NMLS# 751174

Mortgage Services fax# (248) 322-8087

Michigan Legacy Credit Union NMLS# 493594

Contact one of our mortgage specialists today for all your real estate lending options.  (Do not send account information through standard email as it is not secure).

For more detailed information click here: http://gonms.org/wp/

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Home Equity

The Tax-Smart way to borrow money to help you will all of your goals and dreams.

We offer revolving, re-usable Home Equity lines of credit with variable rates and fixed rate Home Equity loans with flexible terms and payment options. With our competitive rates and terms we can find the right option for you, the credit union will help you avoid unnecessary charges. Smart sensible loans with no surprises, let us show you how.

We will even refinance your existing Home Equity Line or loan at another institution and try to help you lower your payments or reduce the total interest you pay over the life of the loan.

Home Mortgage Disclosure Act Notice

The HMDA data about our residential mortgage lending are available for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, and income of applicants and borrowers; and information about loan approvals and denials. Inquire at this office regarding the locations where HMDA data may be inspected. To receive a copy of these data send a written request to Michigan Legacy Credit Union, 144 East Pike Street, Pontiac, MI 48342

Michigan Legacy Credit Union NMLS #493594

* Variable Annual Percentage Rates (APR) are based on an index plus a margin. Applicable rates are based on applicant’s credit history and loan-to-value. Property, title and/or flood insurance, if applicable, is required.

Michigan Legacy Credit Union will pay closing costs (excluding government recording charges and title insurance) on new Equity Loan applications (Fixed Equity Loans/Lines of Credit). Loans paid off and closed in less than 18 months from the loan origination date will require reimbursement of all closing costs paid by Michigan Legacy Credit Union. For loan amounts up to $250,000, closing costs typically range between $150 and $900. The closing costs depend on the location of the property and the amount of the Equity Loan. Offer excludes Equity Loans/Lines of Credit used for a home purchase and the appraisal fee, if an appraisal is necessary.

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NameAPR as low as*
5 Year Fixed Home Equity
5.381%
Year Fixed Home Equity4.444%
10 Year Fixed Home Equity4.380%
15 Year Fixed Home Equity3.956%
Home Equity Line of Credit2.000%

* APY = Annual Percentage Yield. Fees may reduce earnings. Rate may change after the account is opened. Penalty for early withdrawals.

† Your APR (Annual Percentage Rate) will be based upon your individual credit worthiness, loan amount, term of loan, and applicable prepaid items. HELOC loans have a $10,000 minimum. Visa® requires annual use of card or a fee may be imposed.