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Fixed and Adjustable Rate Mortgages

Find the right mortgage for your budget and lifestyle.

Whether you're buying a home in Massachusetts or Rhode Island or looking to refinance your existing mortgage, BankFive can help. We offer both fixed rate and adjustable rate mortgages so we can cater to the unique home financing needs of each one of our customers.
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How Much Home Can You Afford?
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Trustpilot
September 02
Our loan officer Jim Hanewich was…
Our loan officer Jim Hanewich was excellent and made the refi process easy. A great experience from beginning to end.
Joyce
Trustpilot
August 26
Best of the best.
Jim Hanewich and Edy are the best in the business. Jim provides fantastic rates and service, and Edy is responsive and organized. You’re an idiot if you don’t choose Jim and Edy.
Brendan
Trustpilot
August 25
Bankfive was excellent
Bankfive was excellent, Website and application process was easy to follow and fill out. Remortgaged with specialist Arthur McCue. Arthur is very knowledgeable and everything went according to how he explained things on the phone our first call. Kudos to Arthur.
Pierre
Trustpilot
August 22
Jim was excellent to work with…
Jim was excellent to work with throughout the entire process. I appreciated his honesty and hard work. The BankFive system was easy to use and truly streamlined the process.
customer
Trustpilot
August 19
Miracle workers
Andrew and the team at Bank Five literally accomplished a miracle for my family and I. Please contact them with all due haste, I can't recommend them highly enough.
William Aschenbach
Trustpilot
August 19
Process for our refinance was as…
Process for our refinance was as promised and the team at BankFive was great to work with. No suprises.
Richard
Trustpilot
August 11
Monica Botelho handled our refinance
Monica Botelho handled our refinance. She was amazing! The process was seamless. Communication was excellent. We have gone through the refinance process a couple times with other banks for past properties. This experience was the best. I have since recommended and will continue to recommend her to all friends and family in search of quality mortgage/refinance services.
Joshua Frias
Trustpilot
August 11
I would highly recommend James Hanewich…
I would highly recommend James Hanewich at bank 5! He is professional, knowledgeable, and works very fast. I've used James for multiple home loans and every transaction was smooth and what was expected
Glenn
Trustpilot
August 11
Lisa Celio is an excellent mortgage…
Lisa Celio is an excellent mortgage broker. She has helped me with several mortgages and I refer her to family and friends, highly recommend. 10 stars!
Karin
Trustpilot
August 11
Excellent service
Excellent service. The folks at Bank5 we’re professional, friendly and efficient.
Robert
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Two options with various advantages:

  • Fixed Rate Mortgages utilize a fixed interest rate, helping to keep your principal and interest payments the same for the entire term.
  • Fixed Rate Mortgages work well for people who want certainty in their monthly budgeting and who plan to stay in their home for at least 10 years.
  • Adjustable Rate Mortgages, known as ARMs, provide a lower interest rate in the beginning of the term. The lower interest rate is usually locked in for one, three, or five years before it begins to fluctuate annually based on market conditions, for the rest of the term.
  • There are caps on how much the interest rate on an Adjustable Rate Mortgage can increase in a year or term. It's also possible for the interest rate to decrease based on market conditions.
  • Adjustable Rate Mortgages can help you save money on interest payments early in your term.
  • Adjustable Rate Mortgages can be a good fit for people who have budgeting flexibility, who want a lower initial rate, and/or who plan to sell their home in less than 10 years.
Mortgage Resources
Find out how much home you can afford, review our homebuyer checklist, and check rates.