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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 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 unseen.
Our expert underwriter could see that the client had strong income and the property was in a city center. This allowed us to price it aggressively with a 2.99% rate on a one-year term. Moreover, with access to this equity, this client was able to pay off his taxes, which in turn could qualify him for an even lower rate when it’s time to renew.

 

 

**The AIR is compounded semi-annually, not in advance. The APR based on a $176,250 loan with a 30-year amortization and loan fee of 1% is 4.00%.

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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