If the American Revolution set up the fall of the feudal system, the French Revolution most assuredly gave it the final push, culminating in the storming of Bastille Prison in July of 1789.
In the 230 years since, that civilian raid has become a symbol of a worldwide move toward individual rights, liberty and equality. The general populace would never take a back seat again.
The word “mortgage” also comes from an old French idea, literally meaning “death pledge.”
It’s really about the pledges - or promises - made. And that’s what the mortgage system is all about. Most Americans don’t have the liquidity to purchase a house outright, and statistically, few ever will. But a mortgage is a promise between buyer and lender.
We'll hold up our end.
At Bay Equity Home Loans, we’re here to help you fulfill your promise. We hire professionals with decades of combined expertise in local lending, specializing in everything from conventional to FHA, USDA to Jumbo and VA loans to reverse mortgages.
Whether it’s a condo in Midtown or a home in the suburbs, Bay Equity has the loan programs to help you qualify.
Times have changed. Financial and social evolution brought us to the standard U.S. mortgage, a 30-year-fixed-rate loan. But mortgages are not one size fits all. It's important to choose the right mortgage for your situation.
With a fixed rate loan, you can plan for the long term with confidence. Your monthly principal and interest payment will always be the same.
But while most borrowers choose fixed-rate mortgages, an Adjustable Rate Mortgage (ARM) may make more sense for those who plan on living in their home for less than five years or so.
An ARM may come with a lower introductory rate, which later is pegged to an index. You run the risk of the interest rate on the loan going up, but you also may get a decrease.
Bay Equity makes sure to provide loan products with varying term lengths and interest structures, and our loan officers will help you assess your choices and guide you to the right financial solutions. Our company is built on a deep commitment to the highest standards of customer service.
We treat each client and potential client with equal respect and regard. We make sure you are informed and educated, from the time you walk through the door or pick up the phone. Education is key for borrowers to understand the implications of fixed-rate mortgages, adjustable-rates and hybrids.
And if you choose to work with us, we’ll be there from application all the way through closing.
With our in-house underwriting, processing and closing, Bay Equity’s loan officers have a direct line to your mortgage. There’s no waiting for answers while third parties move through a queue of other lenders’ clients.
We’ll continue to monitor your loan long after the closing date, to ensure you have the correct product for every stage of your financial life.
Our unique family culture stresses the importance of each individual client. Like a family, we’re all in this together.
Join the revolution against the “tyranny” of rent. That’s the Bay Equity Way.
We’re here to get you home.