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Adjustable Rate Mortgage Loans:

An ARM is a loan for which the interest rate can fluctuate either up or down depending on economic trends.

ARM programs usually benefit a borrower during the initial stages of a loan. The borrower will usually pay less interest and can sometimes qualify for a larger loan amount.

The flexibility of the ARM programs can provide terms and features that suit almost any borrowers’ needs. When shopping for an ARM product a consumer should always be cautious and consider the future payments.

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

CONSUMER ARM PRODUCTS include:

1/1 ARM
3/1 ARM
5/1 ARM
7/1 ARM

For more information about the adjustable rate mortgage products available, access the
Interactive Mortgage Center or contact a member of Marblehead Bank's
Lending Team at 781-631-5500.

 

 
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