Building a home can feel overwhelming, especially when you’re trying to figure out how much you need to put down, how construction financing works, and whether building is actually more affordable than buying an existing home.

In this episode of Wallet Wisdom, Brett sits down with Luther, an LMCU mortgage loan officer with 20 years of experience, to break down what you need to know before deciding whether to buy, build, or renovate. From construction loans and lot equity to down payments, appraisals, timelines, and common misconceptions, Luther explains why building a home may be more attainable than you think.

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The information provided in this podcast by Lake Michigan Credit Union is general education or marketing in nature and is not intended to be accounting, legal, tax, investment financial or other advice. Statements of individuals are their own and not LMCU’s. All topics discussed are information of a general nature and do not address the circumstances of any particular individual or entity. Consult an appropriate professional concerning your specific situation. As of the date of publishing or any future date this podcast is broadcast, all rates, fees, payments or other specific figures discussed are subject to change and are dependent upon your specific financial situation. All loan products discussed are subject to credit and collateral approval. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in the podcast before making any decisions based on such information or other content. In exchange for listening to the podcast you agree not to hold LMCU, its affiliates, or any third-party service providers liable for any possible claim for damages arising from any decisions you make based on information made available to you or other content made available to you through the podcast. For more information on any of the content discussed in this podcast please visit LMCU.org. Copyright Lake Michigan Credit Union. Federally insured NCUA. Equal Housing Lender NMLS ID # 442967.

Fraud and scams are becoming more sophisticated, more frequent and harder to recognize. In this week’s Wallet Wisdom episode, Brett sits down with Natalie, a Market Leader at LMCU, to talk about the scams and fraud attempts she has encountered firsthand and the warning signs everyone should know.

From impersonation scams and suspicious phone calls to fraudulent identities and convincing investment schemes, Natalie shares real-world stories that show just how easily scammers can create fear, urgency and confusion. The conversation also explores why trusting your instincts, slowing down and talking to someone you trust can help protect your money.

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The information provided in this podcast by Lake Michigan Credit Union is general education or marketing in nature and is not intended to be accounting, legal, tax, investment financial or other advice. Statements of individuals are their own and not LMCU’s. All topics discussed are information of a general nature and do not address the circumstances of any particular individual or entity. Consult an appropriate professional concerning your specific situation. As of the date of publishing or any future date this podcast is broadcast, all rates, fees, payments or other specific figures discussed are subject to change and are dependent upon your specific financial situation. All loan products discussed are subject to credit and collateral approval. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in the podcast before making any decisions based on such information or other content. In exchange for listening to the podcast you agree not to hold LMCU, its affiliates, or any third-party service providers liable for any possible claim for damages arising from any decisions you make based on information made available to you or other content made available to you through the podcast. For more information on any of the content discussed in this podcast please visit LMCU.org. Copyright Lake Michigan Credit Union. Federally insured NCUA. Equal Housing Lender NMLS ID # 442967.

College is an exciting time, but it can also be the first time many students are responsible for managing their own money. In this week’s Wallet Wisdom episode, Brett sits down with Brenton, a Market Leader at LMCU, to talk about the financial decisions students face when starting college and the money mistakes that can follow them long after graduation.

From understanding student loans and financial aid to balancing work, school, spending and saving, Brenton shares practical advice to help students make more informed decisions about their money. The conversation also explores why slowing down, understanding your actual expenses and creating a realistic plan can make a big difference.

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The information provided in this podcast by Lake Michigan Credit Union is general education or marketing in nature and is not intended to be accounting, legal, tax, investment financial or other advice. Statements of individuals are their own and not LMCU’s. All topics discussed are information of a general nature and do not address the circumstances of any particular individual or entity. Consult an appropriate professional concerning your specific situation. As of the date of publishing or any future date this podcast is broadcast, all rates, fees, payments or other specific figures discussed are subject to change and are dependent upon your specific financial situation. All loan products discussed are subject to credit and collateral approval. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in the podcast before making any decisions based on such information or other content. In exchange for listening to the podcast you agree not to hold LMCU, its affiliates, or any third-party service providers liable for any possible claim for damages arising from any decisions you make based on information made available to you or other content made available to you through the podcast. For more information on any of the content discussed in this podcast please visit LMCU.org. Copyright Lake Michigan Credit Union. Federally insured NCUA. Equal Housing Lender NMLS ID # 442967.