Turn your home's equity into cash with a Home Equity Loan from BankFive.
Whether you’re looking to make a large purchase, start a home renovation or remodeling project, or consolidate your debt, a BankFive Home Equity Loan can help. Our Home Equity Loans provide you with funds in a lump sum, based on the equity available in your Massachusetts or Rhode Island home. Let us help you get the financing you need at a competitive rate today.
Your big plans require smart financing:
Use for home improvements, debt consolidation or any large expense
Fixed rates, so your monthly payments won't change
Interest is potentially tax-deductible (consult your tax advisor)
Available equity is determined by a house appraisal
Loan amounts up to $500,000 on primary residences and $250,000 on second homes
No matter what kind of plan or project you're looking to finance with your home equity, BankFive is here to help. Apply online or contact one of our expert mortgage loan officers today.
We used BankFive Bristol for both a RI Heat Loan and Equity Loan. Alycia was great to work with - professional, knowledgeable, helpful, and kind. She answered all our questions and kept us advised of the process and progress of our loans. This was an incredibly straight forward and smooth experience. I highly recommend Alycia and BankFive Bristol.
We've used BankFive for several mortgage/home equity transactions. Each time, the process proceeded without a hitch. Excellent follow up and service from Michelle, our account representative. The automation/technology and superior customer service on BankFive's part made our part of the effort easy peasy!
I recently applied for an equity loan and worked closely with Janice Martin where she patiently answered all of my many questions and guided me through the process. She and her staff have always been very helpful. I've been a customer for several years and would never consider moving my business to another bank.
Excellent experience taking out a home equity loan with BankFive from the moment I first stepped into the Bristol branch. When we got into a bit of a time crunch, Jorge went above and beyond to make sure we closed the loan on time, and we did!
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