Eric Soloway
Senior Loan Officer
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Tennessee mortgage guidance with Bay Capital Mortgage Corporation.
I'm Eric Soloway, a Senior Loan Officer here in Middle Tennessee. Whether you're buying, refinancing, or just trying to understand your options, I'll help you see what matters, what comes next, including the right program, and what to expect before the paperwork starts.
Start here
Pick the closest fit. You don't need to know the loan program before we talk.
How I work
Most mortgage stress comes from starting paperwork before the basics are clear. I look at your credit history, what you can comfortably afford each month, the cash you have on hand, the property itself, and the terms and timing of the loan, then explain the tradeoffs in simple terms. That first look uses a soft credit pull, so it never affects your score.
A mortgage payment affects cash flow, savings, and flexibility, and the bank will almost always approve you for more than you should actually borrow. I make sure you're comfortable with the payment first, not just approved for the amount.
Bay Capital has first mortgages, home-equity options, and specialty programs, so we can compare all your available options before you commit to one.
Apply, wait, or compare. Whatever the answer, I'll shoot you straight. And when it's time for documents, I ask for everything up front, so your pre-approval means something real.
For homeowners
Rate Refresh is a free monthly review of your current mortgage. If the numbers start to look interesting, I'll tell you. If not, we leave it alone.
No application, no credit pull, no Social Security number to start.
You get a short monthly note, and a heads-up only when something actually changes for you.
You stay in control. If the right answer is to leave the loan alone, that's what I'll tell you.
A free review is not a quote, rate, APR, payment, or commitment to make a loan, and not all borrowers or loans qualify. A refinance replaces your current loan with a new rate and term and may increase the total interest paid over the life of the loan.
A common example
Say you closed at a rate that felt steep and keep wondering if it's time to refinance. A lower rate can look tempting, but closing costs still have to be covered before the refinance really helps. Each month I compare your loan against current pricing and reach out only when the math clears that bar.
For homeowners with a low rate
Say you have a 3% first mortgage and need $50,000 for a kitchen remodel. A cash-out refinance solves the cash need, but it also re-prices your entire balance at today's rate, and that can be a bad trade, one you may never be able to take back.
Because Bay Capital offers HELOC and HELOAN options too (a home equity line of credit, or a fixed home equity loan), I can put the numbers side by side: keep the first mortgage and borrow the smaller amount, or replace the whole loan. You see the real difference before you move. Not every lender has both options under one roof, so it's a comparison worth asking for.
These comparisons use estimates you enter, not Bay Capital rates, quotes, or offers. HELOC and HELOAN options may have closing costs, fees, variable-rate terms, or repayment features to compare, and consolidating shorter-term debt into mortgage debt may increase the total interest you pay. Not all borrowers or loans qualify.
Next step
Pick the level of help that matches where you are right now.
Best if you're writing an offer, need a formal pre-approval, or already know you want to begin, even if you haven't picked a program yet.
Apply NowTell me your goal, timeframe, and rough numbers. Asking costs you nothing but the typing.
Get Eric's takeUse Rate Refresh if you bought when rates were high and want a free monthly check-in.
Start Rate RefreshAbout Eric
In finance since 2008 | Thirteen years as a financial advisor | Real estate investor | Middle Tennessee resident
I spent thirteen years as a financial advisor before I moved into mortgages. That meant sitting down with families and looking at the whole picture: what they earned, what they owed, what they were saving toward, and how much payment they could carry without losing sleep. A mortgage is usually the biggest line on a balance sheet, so when I switched to lending, I brought the same habit with me. I don't just check whether you qualify. I look at whether the loan actually fits the rest of your life.
I've also sat on your side of the table, again and again. Over the years I've bought a series of primary residences, converted them to long-term rentals as we moved, then sold those to buy short-term rentals. Every one of those deals meant filling out the applications, tracking down the documents, and sweating a closing date. More than once I had to get creative, using a HELOC to cover a down payment on the next house, projected rental income to qualify for an investment property, or a rehab loan to buy a house that needed work. And I spent years originating loans at a large national bank before joining Bay Capital, where I can pick up the phone and solve a problem myself instead of pushing it up a chain. So when I tell you what matters and what doesn't, it's not from a script. I've done it.
These days I'm raising a young family here in Middle Tennessee and helping my neighbors buy homes and make the most of the ones they already own. What I care about is simple: that you understand the payment, the cash you'll need at closing, the timeline, and the tradeoffs before you sign anything. And if the honest answer is "wait" or "this isn't the right move yet," I'll tell you that too.
A quick call usually tells us whether you should apply, send a few details to make sure we get it right, or simply keep an eye on the numbers. The application itself won't ask you to pick a program, we'll sort that out together.
Call or text615-614-8216 Emailesoloway@baycapitalmortgage.com Save my contactAdd Eric to your phone Start Your Application