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  Home Equity loans are very popular right now because of the low interest rates available. They can be used to pay off those high interest credit cards, remodel a kitchen, or anything you need extra cash for.

Want a general idea of what you qualify for? Get Pre-Qualified and we will give you a quote based on a few pieces of information. The information you submit is secure through 128bit SSL military encryption.

If you would like to know exactly what you qualify for, Apply Online, and we will give you an accurate assessment of what you qualify for. The information you submit is secure through 128bit SSL military encryption. If you feel more comfortable filling out a written application, you can print out the Uniform Residential Loan Application and the credit release form and fax them to 650-685-5821 or send them to: Bay Financial Company 220 Baldwin Ave, San Mateo, CA 94401 .

If you have any questions, just click "Contact Us" on the left. You can contact Bay Financial Company by calling 650-685-5815 or sending a fax to 650-685-5821 . You can email us at

If you received an error message when trying to download either of the above forms, you might need to first download the acrobat reader.

Home Equity is the net value of your home that you own outright. In other words, it is the fair market value of your home minus what you owe on your mortgage. For example, if your home is worth $200,000, and the balance remaining on your mortgage is $150,000, then your home equity is $50,000. You own $50,000 of your home free and clear.

We have some more information about home equity loans further down, or you can start the loan process by clicking the pre-qualification link below. If you want to know for sure where you stand, We have included the official Uniform Residential Loan Application and Credit Release form which can be printed and faxed to us.

Home equity financing is when you borrow against your equity by using your home as loan collateral. Your property is pledged to the lender as security in case you don't pay back your loan. Borrowing against your home equity will reduce your home equity. So, for example, if you borrow $10,000 against your $50,000 home equity, your home equity is reduced to $40,000 until you pay back the loan. You can use our online calculators and calculate estimated monthly payments.

It is important that you consider your complete financial situation, including your other debt, to determine whether home equity financing fits within your income and budget.

Before beginning the home equity process, you should determine your exact need for home equity financing. Homeowners use home equity financing for a variety of different reasons, some of which may include:

  • Paying off debt, such as credit cards.
  • Making home improvements to increase a home's resale value.
  • Putting additions on the house to make more room for a growing family or a parent or relative who is moving in.
  • Upgrading kitchens with new cabinets and appliances.
  • Financing an education.
Determine the Nature of the Expense

Once you determine why you need home equity financing, you will need to think about the nature of your expense as well as your borrowing preferences. This will help you to best meet your needs by deciding which type of home equity financing makes the most sense. Think about which of the following categories your home financing need most likely falls into:

  1. Is your financing need a project or expense where you will most likely need the entire amount up-front that you can pay back in fixed monthly payments?
  2. Do you have a current expense or foresee possible future projects or expenses, which may be over the long-term or entail incremental payments, for which you would like to have flexible funds available?

Once you have categorized your basic needs, your next step is to Get Pre-Qualified or Apply Online.



Bay Financial Company 220 Baldwin Ave, San Mateo, CA 94401
Tel. 650-685-5815, fax. 650-685-5821