Mortgage

A simple guide to a Home Equity Line of Credit (HELOC) – and the best ways to put it to work for you and your financial goals.

Greylock Federal’s new loan program supports accessory dwelling units, which may in turn support your financial and personal goals.

When you sign up for a mortgage, you agree to insure your home to protect against damage or loss. This is a requirement of every mortgage agreement, whether your mortgage is with Greylock or any other lender. If for any reason you fail to maintain adequate insurance coverage on your property, the lender will purchase insurance on your behalf to protect its interest in the property. This is called force-placed insurance (FPI).

Buying your first home is an exciting milestone, but it can also feel overwhelming. “In today’s competitive marketplace, many houses are selling as soon as they become available,” said Erin Carlotto, AVP Mortgage Origination Officer at Greylock Federal Credit Union. “But with the right preparation, you can give yourself an advantage over other home shoppers and navigate this journey with confidence.”