Mortgages Overview

We have a full-service mortgage department that can offer qualified borrowers a first mortgage, construction loan or a home equity line of credit. Our mortgage team can also assist if you are looking to re-finance your existing mortgage and/or convert some of your home equity into cash. We make our own financing decisions, so we can often give you an answer in as little as one day, subject to a property appraisal.

All members of our mortgage team live here in Marblehead so when you call or visit us, you will be speaking with a member of the local community. Our goal is to provide you with customized service and the financing product that is right for your needs. Please call to make an appointment to speak with us today!

How is National Grand Bank different from other lenders?

We hold the vast majority our mortgage loans in our portfolio. This affords us the ability to provide the highest customer service possible throughout the life of your loan. We can also offer unique services that other lenders who do sell their loans to third party servicing companies cannot.

On all our fixed rate, zero-point loan products our interest rate equals the annual percentage rate (APR) on the loan. The only time this is not the case is if your circumstances require the purchase of private mortgage insurance, then the APR will be slightly higher than the stated interest rate. Unlike many other lenders, we do not charge “junk fees” or roll any hidden charges into your closing costs.

Please contact one of our experienced mortgage professionals Carl Edwards, EVP, Kathy Green, MLO or Mike O’Neil, MLO at 781-631-6002 or e-mail mortgage@ngbank.com to find out what exactly this means for you. Hannah Gibney or Kelly Morris will be happy to direct your call!