Beneficial Finance Mortgage Company
For more than 85 years, Beneficial Finance has been helping people find solutions to their financial needs. Their tradition of caring has made Beneficial the name people trust when they need help meeting financial goals and improving their finances along the way. Beneficial is now a proud member of the HSBC Group, one of the country's largest and most respected financial services companies. Even though The HSBC operates on an international level Beneficial operates on a local level with over 850 neighborhood branches nationwide. Beneficial has built a strong tradition of caring, commitment and personalized service that their customers can count on today and tomorrow. Borrowers can be sure Beneficial is more committed than ever to helping them meet their financial goals. Beneficial is not happy unless their clients are happy. That's why they back every loan they make with their 10-day satisfaction guarantee. If for any reason you are not satisfied with your loan, simply repay it in full within ten days after the loan funds are disbursed and we'll refund any interest charges, closing costs and fees.
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It appears that Beneficial does not fund purchase mortgages, however, they do fund personal loans, auto loans, personal revolving credit lines, home equity loans and mortgage refinance loans. Here’s what could be gleaned from them with regards to loan programs they do fund:
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Loans Funded by Beneficial Finance Mortgage Company
- Bill Consolidation Loans
- Home Repair Loans
- Express Equity Loans (for those with limited equity)
- Home Equity Fixed Rate Loans
- Home Equity Lines of Credit
- Mortgage Refinance Loans (Fixed or Adjustable Rate)
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Recent Beneficial Finance Mortgage Company News
At Beneficial the customer may apply for a loan online or visit one of the 850 offices in the nation. There are also several numbers to call for various types of assistance. Customers may leave a call back number, and a loan representative will call. Beneficial specializes in the sub-prime loan for those who don’t quite qualify for the prime rate.
Of late Beneficial and several other mortgage lenders have come under the scrutiny of the SEC (Securities and Exchange Commission) for predatory lending practices. A case was settled in August of 2003 against Beneficial and Household Finance for $484 million. The SEC has issued a cease and desist order against these lending practices, but borrowers need to read and understand the fine print of their loans or they may end up owing more than they borrowed! That doesn’t quite reflect Beneficial’s claim that they aren’t happy until their customer is happy!
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Bradford Mortgage is not directly affiliated with any mortgage broker or lender and cannot make any guarantee as to the lender affiliation of any broker or agent which contacts you. Company information on our site is for informational purposes only.
Bradford Mortgage is not directly affiliated with any mortgage broker or lender and cannot make any guarantee as to the lender affiliation of any broker or agent which contacts you. Company information on our site is for informational purposes only. This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.
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