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Great experience working with Benson mortgages team!
I've got the best mortgage rate I could find.
Got my approval quick and the process for our first pur...
It was pleasure working with Benson Mortgages team.
I need a councelling of mortgage. Benson mortgages help...
I was desperately looking to buy a new home and I was s...
Great experience working with Benson mortgages team!
We are very happy to have our financial broker Vicky wi...
Super friendly and easy staff to deal with.
The best broker in GTA way better then Dr mortGage.
Working with Bogdan was a seamless process.
Highly recommend.
I want to send a big thank you to all the brokers at Be...
I’ve been using Benson Mortgages for many years now.
Working with Benson Mortgages was an absolute pleasure.
Many thanks to these guys for making it possible to get...
This company literally made my dream come true, finally...
Stellar performance in finding me the best mortgage on ...
I am very fortunate I have dealt with Bogdan Muzychka a...
As a first time buyer, Bogdan was an amazing mortgage b...
Medical student and first time homebuyer.
I recently had the pleasure of working with Bogdan and ...
Got my second mortgage with these guys.
Highly responsive and professional even on a Sunday.
Excellent service, quick response, make promise fulfill...
Pleasure to work with!
Refinancing our home with Benson was one of the best fi...
Understanding all of the current rates and legal issues...
I experienced such great customer service!
My wife and I would like to personally thank you for th...
I am so grateful to you guys.
My husband and I just want to thank Matt and the rest o...
The flexibility and support Benson offered us for our c...
In the same week a freak storm took out my sunroom and ...
I just wanted to pass along a big thank you as I was ve...
I was impressed at how quickly my pre-approval went thr...
With my credit history haunting me I didn’t think tha...
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Thank you so much for helping me and my family.
If you have ever tried to get a mortgage as a self empl...
Frequently asked questions that can help you start your mortgage journey with us.
Contact Benson Mortgages specialist.
We offer a broad range of services to cater to different financial needs. Our services include residential mortgages for those looking to buy a home, refinancing for those who want to take advantage of better interest rates or terms, and transfers & HELOC for homeowners who want to leverage their home equity. We also provide private mortgages, 1st, 2nd & 3rd mortgages, reverse mortgages for seniors, commercial financing for businesses, and construction & land financing for developers.
A residential mortgage is a financial product that allows individuals to purchase residential property. The property is used as collateral for the loan, which is repaid over a specified period up to 40 years or interest only. The borrower makes regular payments to the lender, including the principal amount and interest.
A fixed-rate mortgage has an interest rate that remains the same throughout the loan term, providing stability and predictability for your payments. On the other hand, a variable-rate mortgage has an interest rate that can change over time based on market conditions. This means your payments could increase or decrease. The choice between the two depends on your financial situation, risk tolerance, and market expectations. There is also a variable rate mortgage with a fixed payment.
Refinancing a mortgage involves replacing your current mortgage with a new one, often with different terms or a lower interest rate. Refinance can be a good idea if you can secure a lower interest rate, and want to change the term length of your mortgage. You might need to access equity in your home in order to pay out debt, buy investment property or any other investments, pay for your kids' school or to renovate your home.
Secured Line of Credit is a type of loan that lets you borrow against the equity in your home. It works much like a credit line, where you have a credit limit and can borrow as much or as little as you need up to that limit. You only pay interest on the amount you borrow. It can be used for various purposes, such as home improvements, debt consolidation, or even to fund a business venture.
A private mortgage is a loan provided by a private entity or other financial institution, such as an individual or a business, rather than a traditional bank. People often choose private mortgages when they have unique financial circumstances that make it difficult to qualify for a traditional mortgage, such as being self-employed or having a less-than-perfect credit history. Private mortgages offer flexibility and can be customized to meet the borrower's needs. Private mortgages are used for the properties that do not meet banks criteria: land, properties under construction, agricultural properties, sub-divisions, etc