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