Flexible options

Bridgewater Bank mortgages offer flexible options to suit your lifestyle and goals. Some Bridgewater Bank mortgage rates and features are not available for all mortgage products. Always refer to your most recent disclosure statement and/or renewal agreement for complete information regarding prepayment privileges available to you.

  • Know what to expect -With our fixed rate mortgages, your interest rate and payment will not change for the term you select.
  • Mortgage terms to fit your life – Our mortgages are available in 1, 2, 3 and 5 year terms depending on your mortgage type. So you can choose the term that suits your life plans.
  • We lend where you are – Bridgewater Bank provides mortgages in urban and rural areas in British Columbia, Alberta, Saskatchewan, Manitoba and Ontario. We also lend in major centres in Nova Scotia, Prince Edward Island, New Brunswick, and Newfoundland.


Prepayment privileges

Our flexible prepayment privileges can help you to pay down your mortgage sooner, potentially saving you thousands of dollars in interest.

Amortization options

We offer a range of amortization options, so you have the flexibility to choose what best suits your financial needs. A longer amortization period will keep your payments low while taking longer to pay off your mortgage. A shorter amortization will make your payments higher while paying off your mortgage sooner.

Payment frequencies

Tell us what works for you – monthly, semi-monthly, weekly or bi-weekly – and accelerated payment options* may be available.

*Available for mortgage insured products only (not alternative mortgage products).

Portable and assumable*

You may not realize that you can move your mortgage with you to your new home – and there’s no heavy lifting! Your Bridgewater Bank mortgage may be portable or assumable. Portable means you can transfer your existing mortgage to your new home. We also offer solutions in case you need more or less money for the purchase. Assumable means the buyer of your property can apply to qualify to take on your existing mortgage.

Mortgage life and disability insurance

Bridgewater Bank offers eligible borrowers mortgage life and disability insurance through the Credit Security Plan. It is specifically designed to fit your mortgage and help ensure your family’s security in the event of serious illness, accidental injury or death. Mortgage life and disability insurance are optional and can be added to your mortgage at any time.

Prime rate

The prime rate is the lending rate Canada’s banks and financial institutions use to set interest rates for variable loans and lines of credit, including Bridgewater Bank mortgage rates.

Bridgewater Bank Prime Rate 7.20%
Last date adjusted: July 18, 2023

Individual interest rates are determined by several factors including, but not limited to employment type, credit score, debt-to-income ratio and down payment.


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