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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
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

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 wouldn’t have been considered by an A lender – the clients were both self-employed, and there was a bankruptcy on file. The broker presented the deal to Bridgewater Bank because they knew that, being an alternative lender, we’d be willing to look deeper into the clients’ backgrounds and offer a solution at a good rate.

**The AIR is compounded semi-annually, not in advance. The APR based on a $510,000 loan with a 30-year amortization and loan fee of 1% is 4.33%.

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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