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GET A NO OBLIGATION RATE QUOTE!

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At Benevolent Bancorp, your needs are our priority!

3 EASY STEPS TO GET THE BEST MORTGAGE.

  1. Keep it simple.
  2. Fill out the Application. No credit check is needed at this stage. When we need it, we will get your written consent.
  3. Let our experienced mortgage professionals offer you the best mortgage you qualify for. Maybe even give you few options to choose from.

BANK MORTGAGES

If you have excellent credit and income, Benevolent Bancorp can offer you a mortgage at a rate that is way below posted bank mortgage rates. At any given time some banks and monoline lenders are running “SPECIALS”. Call us now to get a rate quote with no obligation.

ALTERNATIVE LENDING

If you do not meet the rigid guidelines of the banks, then the next option is Alternative Lending or ‘B’ Banks. The rates are slightly higher than those...

PRIVATE MORTGAGES

Private Mortgages are equity and not credit or income based. No income verification is needed and credit score can be very low. If you are going through some rough...

TYPE OF MORTGAGE

First Mortgage
Second Mortgage
Home Equity Line of Credit
Commercial
Land, Construction
Reverse Mortgage

About US

The dictionary meaning of Benevolent is: Well meaning and kind. Big-hearted, helpful, just and fair, public-spirited, giving, caring, warm-hearted, philanthropic, humanitarian, bountiful, compassionate, having a disposition to do good, etc. Likewise, Benevolent Bancorp stands for all that is good.

Benevolent Bancorp was started keeping “what is good for all” in mind. Benevolent Bancorp’s goal is to help its clients flourish and we are so very proud of our goal. Each and every human being who is working hard and working honestly deserves to flourish and enjoy the best the life has to offer.

On the lending side, we secure the least expensive mortgages and loans at the best possible terms for our borrowers.

On the investment side, we assist mortgage investors to invest safely in mortgages at a decent return. When we get a new mortgage funding request, the first thing we look for is how safe is the investment.

CREDIT AND OR INCOME ISSUES?

Regardless of your income and credit situation, more than likely Benevolent Bancorp can help you get the mortgage you need and get it at a competitive rate!

Good or Bad Credit
Low credit score
Behind on payments
Debt consolidation
Over extended in credit cards
Self-employed
Income issues
Have not filed Tax Returns
Do not have NOA’s
Owe money to CRA
No income verification programs
Foreclosure/Consumer proposal

PURPOSE OF MORTGAGE

Purchase
Refinance
Equity
take-out
Debit
Consolidation
Bridge
Financing
Home
Renovation
Buy out a
Prtner
Acquisition,
Rehab & Flip

THE MORTGAGE APPROVAL PROCESS

How does the mortgage approval process work? Even though each bank or the lender has its own requirements, procedures, and steps to underwrite a mortgage but they all lead to one finding: does the borrower have the ability and the willingness to make the payments.

The Application
The mortgage approval process starts when the lender receives your signed mortgage application along with a signed consent form.
Supporting Documents

The bank or the mortgage broker will give you a list of the supporting documents … Credit Reports & Debt Ratios…

Approval or Commitment Letter

Provided you meet the basic requirements and after doing the preliminary debt ratios…

Appraisal

Now that the underwriter has your credit report and knows all of your liabilities, he can accurately figure out your true total debt ratios…

The Signing of the Mortgage Documents

At this point, the lender will issue you a commitment or approval letter outlining the amount of the mortgage…

Funding​

If the appraisal comes back as expected, your file will move to the next step. If the appraisal comes lower, then the lender may either decline…

TESTIMONIALS

I had gotten a quote from another mortgage broker but I felt the fees were a bit high. I wanted to get at least one more quote so I called Benevolent Bancorp and I was so happy that I called them. I saved one full percent on the fee. To top that their service is awesome. I highly suggest that if you are in the market for a mortgage, do get a rate quote from them.

Bala K.