Ready to upgrade your home in 2024? A home renovation loan can be a useful financial tool to fund improvements or repairs to your home. Upgrading your home can bring numerous benefits, including increased comfort, energy efficiency, and enhanced property value. Modernizing your space through renovations or adding smart home technology can improve daily living...Read More

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...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...Read More

Home Loan Tips 2022 June is National Homeownership Month! If you’re in the market for a new home, MMCCU is here to help answer questions and assist with financing for eligible members. “The 1st step our members should take is to contact the credit union to set up an appointment to talk about the mortgage...Read More