Bridgewater Bank The Gateway Rental Mortgage

Amount:

$ 2,000,000.00

Type:

Loan

Description:

The Gateway Rental Mortgage stands out as the optimal choice for clients seeking to purchase or refinance an investment property. With a Loan-to-Value (LTV) ratio of up to 80%, this product provides flexible solutions tailored to the client roster of rental investors.

Comments on Funding:

Funding takes the form of a mortgage:
– Up to 80%; Min. loan $100,000; Max. loan $2,000,000;
– Amortization is up to 35 years;
– Beacon: 550+;
– Discharged from bankruptcy with active tradelines;
– Consumer proposals considered (must be discharged or paid out from proceeds).
– Terms: available in 1 year, 2 year and 3 year terms.

Deadline:

Rolling deadline

Eligibility:

This is designed for brokers with clients looking to purchase or refinance an investment property.

Application Steps:

Applicants must connect with a Business Development Manager (BDM) or an Underwriter.

Documentation Needed:

Clients must submit typical income documentation requirements according to their category. Check this page: https://bwbbrokerinfo.ca/income/ for details.

Other Things to Note:

Maurice

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Canada to identify and maximize funding to grow their business.

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