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Personal Financing

Bay Business Investment offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:

• Fixed Rate Mortgages
  The most common type of mortgage program where your monthly payments for interest and principal never change.
• Adjustable Rate Mortgages (ARM)
  These loans begin with an interest rate that is lower than a comparable fixed rate mortgage, but the rate changes at specified intervals.
• London Inter Bank Offered Rate (LIBOR)
  LIBOR is the rate on dollar-denominated deposits, also known as Eurodollars, traded between banks in London.
• Balloon Mortgages
  Short term mortgages that have some features of a fixed rate mortgage.
• Cost of Funds Index (COFI)
  The ratio of the dollar amount paid in interest during the month to the average dollar amount of the funds for that month constitutes the weighted average cost of funds ratio for that month.

Choosing The Best Program
The right type of mortgage for you depends on many different factors...

• 97%/100%/103% - Looking for a low down payment or 100%+ financing on your new home mortgage? We have several lenders who can offer you these excellent type of loan programs.

• 125% - This popular loan program is a great way to reduce your monthly payments by allowing you to consolidate those high rate credit cards and installment loans. Cashing-out equity for home improvement or for an investment opportunity may be another reason for selecting this type of loan program.

• Interest-Only - This type of loan program is for those who would like to significantly lower their mortgage payments by allowing you to pay only the interest on the loan. This type of loan is great for debt consolidation up to 100% LTV.

• Jumbo - A jumbo mortgage is a mortgage loan which is larger than the limits set by Fannie Mae and Freddie Mac ($417,000). Since these two agencies will not purchase these types of loans, they usually carry a higher interest rate (to enhance their value and marketability to investors).

• Stated Income - Our "stated" income program is a loan program offered by many of our lenders. This program is great for self-employed borrowers and allows you to "state" your income without the need for verification. Our stated income program allows a borrower to meet the "Debt-To-Income" ratio required by our lenders. A borrowers credit score plays an important role in determining the rate the borrower will quality for under this program.

• Sub-Prime - Our Company offers purchase, cash-out and debt consolidation programs to borrowers that have slow credit, high ratio borrowers, or properties that do not conform to Fannie Mae guidelines.

• No/Limited Doc - Our No-Doc/Limited Doc Loan programs offer self-employed business owners an easy way to qualify for a mortgage. We have several lenders who offer very competitive No-Doc/Limited Doc programs with excellent rates and flexible terms for those who have the credit score to qualify.

• Investment/Rental Property - Let us help you with the lowest down payment programs for your additional properties.

• Please contact us for different loan options.