OWN A HOME? GET APPROVED.

Borrowing Made Easy

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.

ALTERNATIVE LENDING

If you do not meet the rigid guidelines of the banks, we have plenty of banks who offer Alternative or subprime mortgages at decent rates. The rates are slightly higher than the Conventional or Residential mortgage rates but the qualifying is a little easier.

PRIVATE MORTGAGES

If you do not qualify for the Alternative or Subprime Lending, only then we opt for the Private Mortgage. 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.

Although these 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 sub-prime 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. 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.

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

Same Day Approval

What’s more you can get same day approval. If you apply over the phone, which takes only five minutes, you can get instant phone approval.

Cash in 5 Business Days

Once we have everything that we need, you can get the funds in 5 business days or earlier if you have an emergency.

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