JSMedia – When it comes to choosing a bank, there are many options, but few have the reputation of Bridgewater Bank. The bank is a Canadian-based, federally regulated institution that operates primarily online. In addition, its customers are protected by the Canada Deposit Insurance Corporation, which insures up to $100,000 of eligible deposits. Other federally regulated financial institutions include the Financial Consumer Agency of Canada, the Canadian Payments Association, and the Ombudsman for Banking Services and Investment.
Unlike other banks, Bridgewater Bank’s loan portfolio features low non-performing loan ratios, and its high-quality credit culture is expected to continue. Among its asset mix, the bank’s exposure to hotels and restaurants is limited to $45mm. Moreover, its focus on customer service makes the bank an excellent choice for those who want to take on a mortgage in a new area. The company’s credit culture is also one of its strongest attributes, so clients are assured of a personal level of service.
While the company’s deposit base is dominated by larger financial institutions like U.S. Bancorp and Wells Fargo, it is also unique in its focus on middle market lending. In an environment of rising interest rates, the bank will be well-positioned to reprice its loan portfolio. With this in mind, investors should expect organic loan growth in the next couple of years. The Bank’s competitive advantage comes from its focus on facilitating the local economy.
Bridgewater Bank Mortgages, A Review of a Canadian Bank
A full-service community bank, Bridgewater Bank is headquartered in Bloomington, Minnesota. The bank has six branches throughout the Twin Cities metro area. It is a leading multifamily lender with a reputation for commercial real estate lending. The bank was founded by long-time banking executives with an entrepreneurial perspective. It offers a variety of deposit and lending products. The bank is part of the Minneapolis-St. Paul-Bloomington MSA.
Another positive aspect of Bridgewater Bank is its competitive mortgage rates. They offer mortgages with one, two, and five-year terms. You can also use their mortgage life insurance coverage. This insurance is designed specifically for Bridgewater Bank mortgages. It is available at no extra charge and is a great way to protect yourself from unplanned expenses. If you’re interested in owning a home, consider the options available through the bank.
Bridgewater Bank Canada has no physical branches. The bank’s main website offers alternative financial products, including mortgages and GICs. However, you’ll have to pay a monthly fee to access its online banking services. If you’re looking for a savings account, Bridgewater offers a TFSA or RSP and has an EQ bank. If you’re thinking about moving to Alberta, check out Bridgewater Bank. It’s a Schedule 1 chartered bank in Alberta. The Bank also has over 35,000 accounts and a $2.6 billion portfolio.
The bank operates through a network of expert mortgage broker partners. This network allows Bridgewater to offer its customers mortgage products that are specific to the area. The bank also offers e-banking services, a number of different insurance policies, and a variety of security options. Despite its size, the bank is a national player in the mortgage market. It offers a wide variety of services, including personal loans and home equity lines.
When it comes to personal loans, Bridgewater Bank is very active. They hold over $3,848,000 in personal loans and have the second-lowest rate in the industry. The bank also offers many different types of savings accounts, such as IRAs and revolving funds. If you’re looking for an account that offers the best rates, consider signing up with EQ Bank. And don’t forget to compare the fees and interest rates for each. It’s a great way to find the right account for your needs.
If you’re ready to make a down payment, the first step is to set up a budget. Create a list of all of your weekly expenses and determine what you can cut out of your budget. If you’re unable to come up with enough money to cover the down payment, you can ask your bank to lend you the money you need to buy a house. If you don’t have a lot of extra money, consider getting a home equity loan.