**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 Interest rate may be changed, extended or withdrawn at any time without notice.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.