Bridgewater Bank Mortgage Lender

One mortgage product which is very good is their Bridgewater Rental Property program.  This program gives you an investment portfolio in the real estate market. It requires only 5% downpayment. This is available for a maximum of 5 properties, including the borrowers principal residence.

The interest portion of the rental property mortgage payments may be tax deductible and the rental income may be used to make the mortgage payments,making property ownership affordable.

Investors who are interested in buying real estate to balance their portfolio and build their equity may be interested in this.
This will help increase your cash flow.


Some Rental Property Mortgage Guidelines:
You must have at least 5% of your own resources for downpayment
Maximum amortization  is 35 years
Maximum Loan to Value is 95% for 1-2 units, 90% for 3-4 units
They must be non-owner occupied
Minimum beacon score is 650 and a minimum personal net worth of 50,000

The best thing about this rental property mortgage program is the rental offset. You can qualify based on the offset of 80% of the rental income.

So if you can charge $1000 for the rent of your investment then you can add 80% of that on top of your income. So $800 per month for 12 months can add $9600 to your income. Giving you the ability to qualify for that second mortgage much easier. Very little people know about this option and can definitley help you in getting the rental property you have always wanted to help increase your cash flow.




Other Products at a Glance:

Cash Back Mortgages - Up to 2% cash back
Credit Flex Program - For borrowers with not so great credit
Insured Fixed Rate Program
Interim Financing Program
No GDSR Conventional Program - If you have 20% downpayment they will exempt borrowers from the GDSR
Progress Advance Program - For construction
Reno-for-more Program - You can borrow up to 95% of the improved value of your home during renovations
Rental Property Program - Requires only 5% downpayment
Second Mortgage Program - Must have a first mortgage with them
Second/Vacation Home Program
Simplified Document Program - For self-employed individuals with good credit but have little income
Welcome to Canada Program
Re-Fi Express Program - You can access up to 95% of your homes equity


Bridgewater Bank has alot of programs to offer. Each having their own speciality. If you dont qualify for any of these we can help you find the right one for you.

Contact your mortgage broker today or apply with our online mortgage application