Consumers CU Launches Loan Consolidation With Home Equity Product
Credit Union Journal Daily Briefing | Thursday, January 26, 2012
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FeedbackKALAMAZOO, Mich. – Consumers CU said its new Silver Lining Lending offers members an opportunity to consolidate loans with a competitively priced home equity product specifically designed for those approaching retirement.
By reducing the number of loan payments, the credit union said Silver Lining Lending enables members to save money in interest while potentially increasing cash flow – and removing some of the stress associated with retirement planning.
Consumers CU said Silver Lining allowed one member to combine their mortgage and equity line into one loan, at a low interest rate with no closing costs, allowing them to save $7,000 and to pay off their home in five years.
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