In this case, a self-employed client was able to purchase his dream home on a 10-acre, well and septic rural property. This client’s ratios were higher than what an A lender would approve. Proving income required an expert underwriter to build a financial picture. With all of these details in… Read More
In this case, a self-employed client was able to refinance his property to pay off debt incurred while off the job for four months. Bridgewater Bank’s expert underwriter took into consideration the client’s story and past credit history when approving the deal. His recent time off meant a bank-statement program… Read More
Tyler and Raya are a happily married couple looking to purchase an owner-occupied property in a major urban center. They will be selling their current property in order to purchase a new one. They have good credit, but Tyler filed a consumer proposal in 2016 which is making their mortgage… Read More
Larry and Amy were recently married and are looking to purchase a home together. Larry is self-employed and Amy is a childcare worker. She’s been with the same company for 13 years and has recently been laid off due to the COVID-19 pandemic. Amy’s employer has guaranteed that she’ll be… Read More
Danny is a sole borrower working full time. He has had the same job for more than ten years. Danny has two mortgages, one on his owner-occupied home, the other on his disabled parent’s home. Danny is trying to lower his monthly payments to increase his savings. He called his… Read More
Jason is a salaried government worker who’s been in the same job for many years. When Jason’s wife suddenly fell ill, he took on a lot of costs caring for her. These bills went into default and then sadly, Jason’s wife passed away. Her funeral expenses were too high to… Read More
Janine and Mark were both working full time and paying their bills when their child suddenly fell ill. As any mother would do, Janine took on the obligation of caring for her child’s needs, which meant taking an indefinite amount of time off from work. This also meant putting important… Read More
In this case, the clients have been dreaming of building a second home on a plot of land they own together. They have equity in their current home, but they also have some debt they want to pay off. Due to high ratios, primary borrower being self-employed and a low… Read More