Select a location from above to display BDMs
Contact a BDM
Manager, B2B Solutions
Jason Provencher Phone: 403.472.7340 Toll Free: 1.888.472.7340 Fax: 403.718.3042 jprovencher@bridgewaterbank.ca
British Columbia
Yvonne Futter Phone: 604.506.7114 Toll Free: 1.866.867.1777 Fax: 403.718.3042 yfutter@bridgewaterbank.ca
Edmonton, central & northern Alberta
Laura Cook Phone: 587.341.4160 Toll Free: 1.844.430.4846 lcook@bridgewaterbank.ca
Ontario north, central & Niagara region
Matt Royston Phone: 705.730.9387 Toll Free: 1.855.730.9387 mroyston@bridgewaterbank.ca
Select a location from above to display BDMs
Contact a BDM
Manager, B2B Solutions
Jason Provencher
Phone: 403.472.7340
Toll Free: 1.888.472.7340
Fax: 403.718.3042
jprovencher@bridgewaterbank.ca
British Columbia
Yvonne Futter
Phone: 604.506.7114
Toll Free: 1.866.867.1777
Fax: 403.718.3042
yfutter@bridgewaterbank.ca
Edmonton, central & northern Alberta
Laura Cook
Phone: 587.341.4160
Toll Free: 1.844.430.4846
lcook@bridgewaterbank.ca
Ontario north, central & Niagara region
Matt Royston
Phone: 705.730.9387
Toll Free: 1.855.730.9387
mroyston@bridgewaterbank.ca

The Gateway Open Mortgage™

The Gateway Open Mortgage is the best option for clients:

  • Who are looking for flexible, short-term financing with no restrictions
  • Who have traditional, proven income
  • Who are looking for the ability to payout at any time without charge
  • Who have a 600+ beacon

CREDIT

  • 600+ primary borrower
  • 550+ co-borrowers
  • Discharged from bankruptcy for minimum 12 months with re-established credit
  • Consumer proposals considered (must be discharged or paid out from proceeds)

GDS / TDS

  • Maximum 45% GDS / 50% TDS

LTV

  • Up to 80% (maximum for primary financing or primary plus secondary financing)

AMORTIZATION

  • Up to 30 years

DOWN PAYMENT

PROPERTY TYPE

  • Marketable, owner-occupied properties
  • Rental properties
  • Second and vacation properties

DOCUMENTS

Additional product information

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.

Prepayment privileges* are available. Up to 20% of loan amount (minimum of $500) can be paid once a year on the anniversary date of mortgage (unused portion cannot be carried forward).

We also offer a 3-2-1 PAYOUT*. We recognize that Gateway Mortgages aren’t forever and your client may need to leave early. Our 3-2-1 payout is simple to understand with no complicated formulas. It’s as easy as 1, 2, 3! Early payout amounts are based on which year of the mortgage the customer is in:

  • Year 1 = 3% of remaining balance
  • Year 2 = 2% of remaining balance
  • Year 3 = 1% of remaining balance
*Certain conditions may apply.

Have clients needing flexible, short-term financing?

Let's discuss their needs
© BRIDGEWATER BANK 2019