Bridgewater Bank The Gateway Rental Mortgage
$ 2,000,000.00
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.
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:
About the author
Maurice