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Vice-President, National Sales
Jason Provencher Phone: 403.472.7340 Toll Free: 1.888.472.7340 Fax: 403.718.3042 jprovencher@bridgewaterbank.ca
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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
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Edmonton, central & northern Alberta
Laura Cook Phone: 587.341.4160 Toll Free: 1.844.430.4846 lcook@bridgewaterbank.ca
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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

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 to have a small trade balance paid off, and then used the client’s child tax benefit as income to get the deal approved. This increased the client’s LTV to 80% and got them a good rate on a one-year term. Plus, the door was left wide open to renew at a lower rate in a year, after they’ve repaired their credit.

**The AIR is compounded semi-annually, not in advance. The APR based on a $364,000 loan with a 30-year amortization and loan fee of 1% is 5.89%.
All terms and conditions subject to change without notice; see BwBbrokerinfo.ca for details. For internal use only (brokers, agents and affiliates).
Not intended for external consumer use.

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