Select a location from above to display BDMs
Contact a BDM
Senior 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
Select a location from above to display BDMs
Contact a BDM
Senior 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

The Gateway Simple Mortgage™

The Gateway Simple Mortgage bw 1200

For your clients with straightforward, proven income sources.

The Gateway Simple Mortgage is the best mortgage option for your clients who are salary or commission earning employees with straightforward proven income.

With a GDS/TDS of 45%/50%  and a beacon of 580+, this mortgage product offers a solution to clients who may have trouble finding traditional financing.

CREDIT

  • 580+ for primary borrower
  • 550+ for 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
  • 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.

  • More Info

    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.

© BRIDGEWATER BANK 2020