CWB Canadian Western Bank

Variable rate mortgages

Choose flexibility and potential savings.

Choosing a variable rate mortgage means:

  • Your mortgage has set payments for the length of the term but the interest rate can fluctuate.
  • As interest rates rise, more of your payment goes to paying interest. As rates decrease, more of your payment goes to paying down principal.

If you have a flexible budget, you can take advantage of lower interest rates.

  • A 5-year flexible term
  • Annual option to prepay up to 20% of the original mortgage amount
  • Option to convert to a fixed rate mortgage anytime
 6 month convertible  3.940%
 5 year variable  3.850%

Effective date: 13-May-19

1Posted rates available at branches only. All rates are per annum and are subject to change without notice. The Annual Percentage Rate (APR) is the same as the Interest Rate. The Interest Rates are linked to CWB Prime, and calculated monthly, not in advance. Applies to residential real estate only, subject to meeting CWB credit granting criteria.

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Stop by your local branch or call today to get started. One of our personal banking specialists will be pleased to help you.

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