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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
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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 out debt and remove ex-spouse from title

In this deal scenario, the client refinanced his owner-occupied home to take his ex-spouse off title and settle CRA debt.

This deal was not your average deal. Thankfully, our underwriter is not your average underwriter. Our client was in a tight spot as he navigated this tumultuous life event, and our underwriter managed to bring his debts in line and reach the 80% LTV goal.

As obstacles beyond the client’s control continuously came up, our underwriter and BDM accommodated the timeline and on-hand documentation. We’ve always been proud of our old-school human touch, and there was a person on the other end of this deal who needed extra time and patience. So that’s what we did.

The result was a great rate of 3.29% on a one-year term. This allowed the client room to pay out debts and get his credit in order to renew at a lower rate in the future, perhaps with an A lender. And his broker now has the opportunity to help this client with his exit strategy and work with him again at renewal.

**The AIR is compounded semi-annually, not in advance. The APR based on a $380,000 loan on a 1-year term, with a 25-year amortization and loan fee of 1% is 4.30%.
All rates are subject to full underwriting policy and may change without notice.
Should you have questions, please contact your BDM.
For internal broker use only. Not intended for external consumer use.

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