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

Mortgage Rates

Packaging your deals isn’t always easy, but it’s a lot easier when you have our rates handy—and a good BDM to help you through it. Fortunately, we have both! Find our most up-to-date rate information on all Gateway mortgages below. Get your deals in quick to secure the best rate for your clients.

Bridgewater Bank Gateway mortgages can be used for purchases, refinances or equity take-outs. Our mortgages are available in 1-year, 2-year and 3-year terms.

Gateway Alternative Mortgages

The rates shown below are subject to full underwriting policy and may change without notice. Our rates were last revised on May 27, 2024, and are effective as of today.

Beacon score 1-year term** 2-year term* 3-year term* Max LTV Lender fee
680+ 6.84 6.59 6.44 80% 1.0%
640+ 7.04 6.74 6.59 80% 1.0%
600+ 7.29 6.99 6.84 80% 1.0%
550+ 7.79 7.49 7.44 80% 1.0%
500+ 8.04 7.74 7.59 65% 1.0%
Commission 60 bps 70 bps 80 bps

Rate premiums, including the following, may apply:

  • Well and septic
  • Condos
  • Rural locations
  • Complex BFS
  • Acreages
  • Rental properties
  • Paying out Revenue Canada
  • 35-year amortization

A simple conversation with your BDM could make all the difference when it comes to alt mortgages. That’s because we take your client’s circumstances and the nature of the deal into account when setting the rate.

Bank of Canada Benchmark Rate

The Bank of Canada’s Benchmark rate currently sits at 4.75%. For more information, visit bankofcanada.ca.

Prime Rate

Bridgewater Bank Prime Rate: 6.95%
Last date adjusted: June 17, 2024

 

*The quoted rates are an Annual Interest Rate (AIR). The AIR is compounded semi-annually, not in advance. The Annual Percentage Rate (APR) is calculated using the AIR plus the lender fee. When communicating rates to a consumer, you must provide the consumer with AIR and the APR, which will be provided to you in a mortgage commitment and disclosure statement.

**The APR calculations are based on a 1-year, $300,000 loan with a 30-year amortization and loan fee of 1%. For AIR 6.84% = APR 7.84%, AIR 7.04% = APR 8.04%, AIR 7.29% = APR 8.29%, AIR 7.79% = APR 8.79%, AIR 8.04% = APR 9.04%

It pays to call us first.

Our BDMs are here to answer your questions and help you succeed.

Ready to get your deals done?
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