Consolidating debt with a mortgage involves using the equity in your home to pay off high-interest debt such as credit cards or personal loans. Here are the steps you can take to use your mortgage to consolidate your debt: Assess your current debt: Start by making a list of all your debts, including the outstanding balances...Read More
There are benefits of taking out a second mortgage. A second mortgage is a separate loan that you take out (in addition to your first mortgage). You can borrow on the equity in your home up to certain percentage, usually 80% of the value of your home, including your first mortgage balance. (Example: Your home is...Read More
A home equity loan is a type of loan where a homeowner can borrow against the equity in their home, which is the difference between the home’s market value and the outstanding mortgage balance. Equity in your home is calculated as the difference between your home’s value and your mortgage balance. Loans are secured against the...Read More
Getting a solar panel loan can be a smart investment, as it can help you save money on your energy bills and reduce your carbon footprint. Here are some things you need to know about getting a solar panel loan: Eligibility: To be eligible for a solar panel loan, you will need to meet certain criteria....Read More
Scammers are on the rise here in Central Wisconsin and worldwide. Scammers have the ability to call from a phone number that LOOKS like it’s coming from MMCCU, but in reality it is not. Your security is our priority, which is why we wanted to share these points to help you protect your personal information: If...Read More
