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 Progress Advance Mortgage (+Land)™

Our Progress Advance Mortgage (+Land) offers a smooth, start-to-finish solution for your ready-to-build clients. With the addition of a land advance option, there’s no need to send your client to a bank branch – Bridgewater Bank’s complete offering includes expert support every step of the way. You can earn a finder’s fee and your clients have the option to switch without penalty upon completion.

Information

Resources

To ensure a fast approval of your application, please provide the documents outlined in the schedules below, along with your application:

New home construction financing

Big banks

  • No broker payment
  • Land loan interest rate at bank’s discretion
  • In branch only
  • Registration fee
Bridgewater Bank

  • Land advance (optional) and progress advance are wrapped under one mortgage for a smooth, seamless client experience
  • Broker Paid $ at completion
  • Transparent rate (Prime + 5% – interest only on advance)
  • Single registration
  • Single insurance premium
  • Inspections included
  • Dedicated underwriter for entire process
  • No broker payment
  • Non-transparent rate (anywhere from Prime + 2-5% – interest only on advance)
  • Second registration fee
  • Possible inspection costs
  • Broker finally paid $
  • Rate typically locked in at posted – 1% (roughly 1% above best advertised rate)
  • Limited options for mortgage term and type
(With Switch):

  • Broker paid AGAIN $$$
  • Broker keeps control of client
  • Best rate available based on client’s profile

Building a home is a big commitment for your clients. Managing their expectations and controlling their fears can be one of the biggest challenges for brokers. We are here to help. Contact your local BDM.

Let us help your ready-to-build clients

Your BDM has a start-to-finish solution
© BRIDGEWATER BANK 2019