Get your mortgage now, refinance later when rates fall.
With a Rate Switcher Mortgage from BankFive, you can get your home loan now and lock in the opportunity to refinance to a lower rate. Plus, we'll waive your lender refinance fees*!
The rate protection you need to feel good about your home purchase.
At BankFive, we pride ourselves on flexibility, and we know that home buyers don't want to be locked into a long-term, high-rate mortgage. That's why we've developed our Rate Switcher Mortgage - to protect our customers and allow them to easily refinance when mortgage rates fall.
How it works:
Close on your BankFive home loan by 2/15/24
Make at least 7 on-time monthly payments
Apply for a refinance with BankFive by 12/31/24
We'll waive your lender refinance fee*
Contact us today to learn more about a Rate Switcher Mortgage and get started with an application.
*Conditions and restrictions apply. BankFive will waive $795 lender refinance fee (BankFive does not charge any other refinance fees). Excludes brokered loans. Must meet agency and investor guidelines (e.g. seasoning, net tangible benefit). Limited to initial refinance on qualifying loan. Subject to credit approval. Cannot be combined with any other offer. Applications must be received after 12/1/2022 and closed by 2/15/2024.
BankFive NMLS #525575 • Member FDIC • Member DIF • Equal Housing Lender
Fill out this form to learn more or schedule a consultation with one of our residential lending experts. We'll be in touch soon!
I worked with Wilfredo, Omar & Robert from BankFive on the lending loan of my mortgage. They were very helpful, patient and informative. Definitely happy with using this bank and I would recommend it to anyone I know.
We have been with Bank Five, since they opened their Dartmouth Branch. Always: courteous, concerned, helpful and loyal to their customers and staff. A feeling of extra security in a Family atmosphere. What more could be said! Thank you Bank Five for ‘Being There!’
Bank five looked at our situation as a whole to determine the positive outcome of approving our mortgage, and found ways to get things . Something that other lenders said they would do but could not deliver what was promised and caused more harm than good to our situation .
James Hanewich was especially good with his job , He had clear communication the whole process and delivered on what he said at the end .
Thank you all at Bank Five for helping families own homes and we look forward to a great relationship in the YEARS to come
We had a great experience obtaining a competitive land loan to ultimately be in position to build our dream house. The BankFive representatives were world class, personable individuals who were readily available and helpful each step of the way.
I encountered a issue with my mortgage payment and the bank couldn't have been more helpful. They actually reached out to notify of the payment issue something I wouldn't have noticed on my own. At a larger bank, it would have gone unchecked and potentially lead to penalties.
I have used different banks over the years to finance my home, but I found BankFive's team to be -by far- the most efficient, effective and collaborative I have ever worked with. I never thought I would say this but getting a mortgage was a really good experience.
The entire team has been excellent to work with! Yubetzy, Vaida and Wil went over and beyond in supporting two real estate transactions for us. We are very happy with our terms and so appreciative of the the level of care from everyone on Wil’s team.
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