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
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
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

The Gateway Remedy Mortgage™

The Gateway Remedy Mortgage

A mortgage solution for credit stressed individuals

The Gateway Remedy Mortgage is best suited to clients looking to rebuild their challenged credit. With a lower qualifying beacon, this mortgage product offers a solution to clients dealing with credit issues, a consumer proposal or bankruptcy situation.

CREDIT

  • 550+ for primary borrower
  • 550+ for co-borrowers
  • Discharged from bankruptcy with active tradelines

GDS / TDS

  • Maximum of 39% GDS / 44% TDS

LTV

  • Up to 75% (maximum for primary financing or primary plus secondary financing)

AMORTIZATION

  • Up to 25 years

DOWN PAYMENT

PROPERTY TYPE

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

DOCUMENTS

  • Additional product information

    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.

    Visit our Gateway product standards page for full details that apply across all Gateway alternative lending products.

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