KALAMAZOO, 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.
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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.
