Select a location from above to display BDMs
Contact a BDM
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
Eric Doucet Phone: 403.806.8466 edoucet@bridgewaterbank.ca
Headshot of Eric Doucet
Manager, National Accounts
Eric Doucet Phone: 403.806.8466 edoucet@bridgewaterbank.ca
Headshot of Eric Doucet
Nova Scotia, New Brunswick, Newfoundland and Prince Edward Island
Paul Delaney Phone: 905.866.7162 Toll Free: 1.844.734.4762 pdelaney@bridgewaterbank.ca
Headshot of Paul Delaney
Manager, National Accounts
Eric Doucet Phone: 403.806.8466 edoucet@bridgewaterbank.ca
Headshot of Eric Doucet
Select a location from above to display BDMs
Contact a BDM
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
Eric Doucet
Phone: 403.806.8466
edoucet@bridgewaterbank.ca
Headshot of Eric Doucet
Manager, National Accounts
Eric Doucet
Phone: 403.806.8466
edoucet@bridgewaterbank.ca
Headshot of Eric Doucet
Nova Scotia, New Brunswick, Newfoundland and Prince Edward Island
Paul Delaney
Phone: 905.866.7162
Toll Free: 1.844.734.4762
pdelaney@bridgewaterbank.ca
Headshot of Paul Delaney
Manager, National Accounts
Eric Doucet
Phone: 403.806.8466
edoucet@bridgewaterbank.ca
Headshot of Eric Doucet

Couple with sick child turn to refinancing to pay their bills

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 bills to the side until there was money to pay them. Janine’s husband continued to work over the course of their child’s illness, but the bills continued to accumulate. Thank goodness their child is better now, and Janine has gone back at work.

Janine and Mark decided to refinance their owner-occupied home to pay off the mounting debt as advised by their mortgage broker.

deal scenario 2 deal snapshot

Solution:

Janine and Mark’s mortgage broker sent their file to Bridgewater Bank. The Gateway Simple Mortgage was the product that fit with their circumstances as they are both salaried employees with confirmed income. This 1-year term will allow Janine and Mark to pay off their debts and start rehabilitating their credit, eventually moving into a lower rate mortgage.

Term 1 year
Amortization 30 years
Rate 4.99%
Loan amount $322,500
LTV 75%
GDS/TDS 22.07%/43.31%
Down payment equity
Fee 1% ($3,225)
Finders fees paid to broker 60 bps
Turnaround time Commitment: 1 day; Funding: 23 days

 

Need a Broker?

Learn More

Contact a BDM

Get in Touch
Sorry, our Twitter feed is down at the moment.
Copyright ©2024 Bridgewater Bank.