We have a unique streamlined end to end experience for all of your residential mortgage needs so you can focus on the house of your DREAMS.
Interest rates influenced by the Federal Reserve, personal factors, and the interplay between the primary and secondary mortgage market influence the loan amount, terms and structure of available lending products.
With our expertise and know-how, we'll work to help you save money, reduce stress, and focus on products that accomplish your financial goals.
There are several mortgage types, including Fixed-Rate Mortgages, Adjustable-Rate Mortgages, Jumbo Loans, FHA loans, VA Loans, and Interest-Only Loans. The terms and conditions of each mortgage type vary, so it's important to research each option to determine which is best for you.
The mortgage application process typically involves filling out an application, submitting documentation such as proof of income and assets, undergoing a credit check, and getting an appraisal of the property. We will then review your application and either approve or deny your loan. If approved, you will need to sign the loan agreement and complete any other necessary paperwork before closing on the loan.
The amount you can afford to borrow depends on several factors, including your income, debt-to-income ratio, credit score, and the cost of the property you want to buy. Most lenders use a formula to determine the maximum amount you can borrow, based on your financial circumstances.
The general rule of thumb is to put down at least 20% of the purchase price as a down payment. This can help you avoid paying private mortgage insurance (PMI) and can also help you get a lower interest rate. However, some lenders may allow you to put down less than 20%.
PMI stands for private mortgage insurance, which is a type of insurance that protects the lender in case the borrower defaults on the loan. PMI is typically required if the borrower puts down less than 20% of the purchase price as a down payment. The cost of PMI varies depending on the size of the down payment, the loan amount, and the borrower's credit score.
Use our free mortgage calculator to estimate your monthly mortgage payments. The default figures shown are hypothetical and may not be applicable to your individual situation.
Residential Mortgage
Traditional and non-traditional mortgage products. Equipped to serve a diverse range of borrowers.
Commercial Real Estate
Elevated interest rates and macro environmental factors have an impact on CRE activity. We may be able to help.
Consulting Services
Strategic financial advice to help you make the right decisions.
Business Lending
In-depth evaluation of your business and capital needs.
We provide Residential Mortgage and Financial Consulting services to individuals, small businesses and corporate clients. Our services are tailored to the unique needs of each client. We work as part of your team, understanding your needs and what matters to you.
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✓ Trust | ✓ Expertise |
✓ Accuracy | ✓ Experience |
✓ Confidentiality | ✓ Professional |
Bahir Financial
NMLS 2562633
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