Borrowing Made Easy

BANK, RESIDENTIAL OR CONVENTIONAL MORTGAGES

If you have excelletn 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 ledners are running "SPECIALS". Call us now to get a rate quote with no obligation. 

FIRST TIME HOME BUYER

Great News! The government of Canada has sponsored the First Time Home Buyer Incentive (FTHBI) program. This program helps the first time home buyer with additional 5% to 10% interest-free down payment assistance so as to help them qualify. 

The first time homebuyers must have a minimum of 5% down payment from thier own resources. They must have good credit and verifiable income.

Call us now to find out more about the first-time homebuer program. 

Click here to know more about the government sponsored first-time homebuyer program.

https://www.placetocallhome.ca/fthbi/first-time-homebuyer-incentive?utm_source=vanity&utm_medium=redirect&utm_campaign=fthbi


ALTERNATIVE LENDING

If you do not meet the rigid guidelines of the banks, we have plenty of 'B' banks who offer Alternative mortgages at decent rates. The qualifying is a lot easier. The Alt-A lending accepts low credit score and slighly high debt ratios.

PRIVATE MORTGAGES


If you do not qualify for the Bank Mortgage or the Alternative Lending, then maybe the Private Mortgage is your best option. The private money mortgages are a great solution for borrowers and real estate investors that require quick funding to purchase, refinance, renovate, debt consolidation or buy time to fix their credit and or income situation so they can qualify for the conventional mortgage in due time.

No income verification needed for Private Mortgages and credit score can be low.

Although Private Mortgage rates may seem high for a mortgage in today’s economic climate, private mortgages are generally only intended to be used for short periods. A typical term for a Private Mortgage is 6 months to 1 year. They are generally interest only payments, and are primarily used to help you rebuild your credit or get you out of a tight spot. That's why private Mortgages are also called 'Band-Aid' Mortgages.

At Benevolent Bancorp we will not only get your private mortgage but also, help you with your exit strategy to return you to a traditional lender and the best rates.

Benevolent Bancorp specializes in Private Mortgages on the Lower Mainland, from West Vancouver to Richmond and Delta, through White Rock, Surrey, Burnaby and Coquitlam.

Call us now for instant approval and funding in five days.

CREDIT AND OR INCOME ISSUES?

It all starts with a loan application. Once you get us your mortgage application we go to work for you and give you a preapproval and a rate quote within 24 hours.

Benevolent Bancorp does First, Second and Third Mortgages. No amount is too small or too big.

Benevolent Bancorp is committed to making the borrowing process quick, efficient, and easy.

Our institutional and individual investor partners provide Residential, Alternative and Private Mortgages.

When we get your application, we strive to get you the lowest possible rate in your particular situation. With our years of experience and knowledge of each and every lender’s underwriting guidelines in Canada, rest assured your application is in good hands.

We know how to build a solid loan package and present your story in a favorable light. We are on your side.

 

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

Pre-Approval within 24-Hours

We can provide our clients with mortgage pre-approval within 24-hours of mortgage request submittal.

Funding within 5-7 Days

Because of our streamlined processing and underwriting process, we can fund your Private Mortgage within 5 to 7 days, or even faster in cases of emergencies, after receiving complete application and supporting documents.

Best Rates and Terms

What is best for you is best for us! 

When Benevolent Bancorp receives your mortgage application, we don’t automatically approve you for a private mortgage. We first try our best to see if you qualify for an Alternative or Sub-prime Lending with much lower rates than the private mortgages.

Types of Mortgages


First Mortgage

Second Mortgage

Heloc

Commercial

Mixed use

Construction

Purpose of Mortgages


Purchase, Refinance

Debt Consolidation, Renovation

Acquisition, Rehab and Flip Bridge Financing

Construction

Quicker Closings

We build a file on your first mortgage with us and use that documentation for future loans.

The more mortgages you do with us, the quicker they close!

Apply Now

You can also fill out our short Contact US form or contact us via our phone 778-320-9494 or 
email: info@benevolentbancorp.com

 

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