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Construction Arm Loans:

The bank offers a construction to permanent adjustable rate mortgage. The construction period consists of payments of interest only on proceeds as they are disbursed to the builder as the work progresses with an automatic conversion to an adjustable rate mortgage loan with principal and interest payments after construction period is completed.

Adjustable rate – APR may increase after consummation of the loan.

For more information, contact a member of the Marblehead Bank's Lending Team at
781-631-5500.

 

 

 
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