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
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

The Gateway Rental Mortgage™

The Gateway Rental Mortgage bw 1200

For your clients looking to grow their income property assets

The Gateway Rental Mortgage is the best option for clients looking to purchase or refinance an investment property. With an LTV of up to 80%, this product offers flexible solutions to your client roster of rental investors.

Download the Gateway Rental Mortgage product sheet.

CREDIT

  • 550+
  • 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 of 45% GDS / 50% TDS

LTV

  • Up to 80%
  • Second mortgages available. Talk to your BDM.

AMORTIZATION

  • Up to 30 years

DOWN PAYMENT

PROPERTY TYPE

  • Non-owner-occupied rental/investment properties
  • Single-family, duplex, fourplex, condo
  • Property must be registered in personal name
  • Non-conforming suites in major markets that conform to municipal zoning requirements considered
  • Refer to lending locations – all areas marked with * are accepted rental lending areas

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 of term= 3% of remaining balance
    • Year 2 of term= 2% of remaining balance
    • Year 3 of term= 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.

Subject to full underwriting policy and may change without notice.

Copyright ©2021 Bridgewater Bank.