CWB Canadian Western Bank

Feel confident with a CWB Mortgage Coach.

Buying a home for the first time, or anytime, is an exciting experience. Working with a CWB Mortgage coach assures you that process never becomes overwhelming or complicated. Partnering with a coach provides you with the expertise to make the most informed decision with the least amount of impact to the lifestyle you enjoy living.

Establish the right game plan with the Mortgage Calculator

Your Mortgage Coach Calculator is the first step to establishing the proper game plan for your financial future. The information provided—based on the data you enter—acts as a general guide for your home buying process. This information will help your coach establish a starting position that best sets you up for a winning outcome, using our 5 year special rate fixed term. See your local branch for eligibility and further details.

3.58%**APR

5 year special rate fixed term

**Promotional Rate. Terms and Conditions Apply

$
The amortization period must be greater than the term of the mortgage.

* Mandatory fields

$XXXX

Mortgage payment amount

  • Total Interest
    $XXXX
  • Balance owing at term
    $XXX

Position yourself for success

To set up the right strategy to succeed, you may find it helpful to consider asking yourself the following questions:


How much can I afford?

 

What are my costs outside the loan?

 

What am I looking for in a community?

 

Will this house match up with my long term gameplan?

The CWB Mortgage Coach credo

As a CWB Mortgage Coach I vow to:

Be prepared.

I will plan my sessions systematically and in advance.

Be welcoming.

I will create a positive and enjoyable atmosphere.

Be respectful.

Give every player equal opportunities.

Be demanding.

I will command the highest level for my work in every session.

Be current. 

I will train myself and keep myself educated on the absolute, latest coaching methodologies and strategies.

Keep it fun.

I will remove any stress or anxiety from my players.

**Interest rate compounded semi-annually, not in advance. Interest rate may be changed, extended or withdrawn at any time without notice. Promotional rates are discounted rates and are not the posted rates of CWB. Residential mortgages offered by CWB are subject to its standard lending qualification criteria. Assuming no additional fees are charged, the Annual Percentage Rate is the same as the Interest Rate. The Annual Percentage Rate (APR) is calculated semi-annually, not in advance and is based on a 25 year amortization. Applies to residential real estate only, subject to meeting CWB credit granting criteria.

Interest rate compounded monthly, not in advance. Interest rates are linked to CWB Prime.

This special rate is only available for CWB clients who meet the following criteria: 1. The borrower must have CWB's Ultimate Banking Package and $250,000 in investible assets on deposit with the CWB Financial Group; 2. The borrower must have CWB's Ultimate Banking Package and $1 million in combined business loans and deposits with CWB

All borrowers must have a minimum credit score of 600; Gross Debt Service Ratio must be less than 39% and Total Debt Service Ratio cannot be higher than 44% based on the higher of the Bank of Canada qualifying rate or the customers' contract interest rate plus 200 bps; New CWB owner-occupied mortgages only for residential properties with one to four unit; Rental properties are not eligible and refinances are not eligible; Income confirmation criteria applies. See branch for further details.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide financial or investment advice and should not be relied upon in that regard. We encourage you to seek personalized advice from qualified professionals regarding all personal financial issues.  The information is intended for illustrative and general information purposes only, and does not mean that you have been approved for a mortgage loan. Actual mortgage amounts, rates, and payment amounts may differ and will be determined at the time of signing the Mortgage Loan Agreement.

Any calculations are based on the accuracy and completeness of the data you have entered. Calculations assume a constant interest rate and payments throughout amortization period. The interest rate shown is calculated [semi-annually not in advance]. These rates are only available to qualified borrowers for already built, owner-occupied residential properties [with amortization periods of 25 years or less]. Lump-sum payments may be subject to a prepayment charge.  All residential mortgages and lending products are subject to Canadian Western Bank’s standard lending criteria for residential mortgages and to credit approval.