Select a location from above to display BDMs
Contact a BDM
Vice-President, National Sales
Jason Provencher Phone: 403.472.7340 Toll Free: 1.888.472.7340 Fax: 403.718.3042 jprovencher@bridgewaterbank.ca
Headshot of Jason Provencher
Lower Mainland, Island and northern British Columbia
Yvonne Futter Phone: 604.506.7114 Toll Free: 1.866.867.1777 Fax: 403.718.3042 yfutter@bridgewaterbank.ca
Headshot of Yvonne Futter
Edmonton, central & northern Alberta
Laura Cook Phone: 587.341.4160 Toll Free: 1.844.430.4846 lcook@bridgewaterbank.ca
Headshot of Laura Cook
Select a location from above to display BDMs
Contact a BDM
Vice-President, National Sales
Jason Provencher
Phone: 403.472.7340
Toll Free: 1.888.472.7340
Fax: 403.718.3042
jprovencher@bridgewaterbank.ca
Headshot of Jason Provencher
Lower Mainland, Island and northern British Columbia
Yvonne Futter
Phone: 604.506.7114
Toll Free: 1.866.867.1777
Fax: 403.718.3042
yfutter@bridgewaterbank.ca
Headshot of Yvonne Futter
Edmonton, central & northern Alberta
Laura Cook
Phone: 587.341.4160
Toll Free: 1.844.430.4846
lcook@bridgewaterbank.ca
Headshot of Laura Cook

Deal Scenarios

Alternative lending doesn’t need to be complicated. Common-sense solutions for real life deals we’ve approved and funded.

Purchase using add-back model to increase serviceable income

In this complex deal scenario, this self-employed client was able to lean on our add-back model to purchase a new home. Not only that, because of our alternative provable income program, this client also qualified for our super-competitive rate of 2.79%. Again, we find a solutions-oriented underwriter and expert BDM… Read More

Refinance at 2.59% on a one-year term

This self-employed client was able to refinance his home at a fantastic rate on a one-year term. He will use the proceeds to help grow his business. The client’s ratios were higher than an A lender would accept and he’s been self-employed for less than two years. Our expert underwriter… Read More

Refinance to pay off outstanding income taxes

In this scenario, the client refinanced his owner-occupied property to consolidate debt and pay an outstanding income tax bill. The file had high ratios and substantial income taxes owing. Our expert BDM worked with the broker to understand the story behind the unpaid taxes, rather than turning it down sight… Read More

Condo purchase using alt credit and a gift of equity

In this scenario, clients with high ratios and thin credit were able to purchase a condo from a family estate. As an alternative mortgage expert, our resourceful underwriter found ways to approve this deal at a great rate. First, a gift of equity was used for a portion of the… Read More

Refinance to consolidate debt and increase monthly savings

In this scenario, we show how one broker worked with our expert underwriter to refinance his clients’ home to consolidate debt. This freed up nearly $800 per month for the clients, which will allow them to pay off their debts during the three-year term. Due to high ratios, this deal… Read More

Condo refinance using child tax benefit as income

Here is a behind-the-scenes look at how our experts helped these clients refinance the mortgage on their condo to pay off high-interest debt. With a low beacon score and a part-time, hourly co-borrower, their broker sent the deal straight to us – the alternative lending experts. Our pragmatic underwriter asked… Read More

Rental property purchase

In this scenario, the clients were able to purchase an income-generating property with the help of their mortgage broker at a fantastic rate. The broker knew this client’s ratios were higher than what an A-lender would approve. This deal required an expert underwriter to build a realistic financial picture to… Read More

Rural property purchase – well and septic

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

Previous
Browse Articles by Category
Copyright ©2021 Bridgewater Bank.