CWB Optimum Mortgage

HOMEWORKS® (home equity line of credit)

Turn your home equity into a flexible tool.

Hand and house
  • Pay as much or as little as you want, as long as you meet the monthly minimum payment.
  • Pay interest only on the amount you use.
  • Manage your interest rate and maximize flexibility by splitting your available funds into three separate lines of credit.

Use your home equity line of credit to:

  • Renovate your home.
  • Purchase a vehicle.
  • Pay off credit cards.
  • Consolidate debt.
  • Take a vacation.
  • Pay a child’s tuition.
  • Purchase a rental or vacation property.
  • Take advantage of an investment opportunity.

HOMEWORKS offers you the chance to:

  • Keep your old monthly payments and reduce debt faster or lower your monthly payments and have more funds at your disposal.
  • Mix and match with other banking products.
  • Split your mortgage between variable and fixed rates.
  • Customize a home equity line of credit (HELOC) plan that fits your needs.
  • Pay as much or as little as you want, as long as you meet the monthly minimum payment.
  • Pay interest only on the amount you use (lines of credit only).

 

Other features:

  • Manage your interest rate and maximize your flexibility by splitting your mortgage into two or three different types of lines of credit, mortgages and/or loans.
  • Conveniently access your funds at one of Canadian Western Bank’s 41 branches or 2,400 ABMs across Canada.
  • Increase your HELOC limit if your home increases in value.
  • Access to Canadian Western Bank’s E-Pay System – allowing you to transfer money to bank accounts with other financial institutions.

Call us today to turn your home’s equity into opportunity.

Toll-free: 1.866.441.3775
Fax: 1.866.477.8897
Email: customer.service@cwbank.com 

Address: 10303 Jasper Avenue NW
                Edmonton AB T5J 3X6

 

To apply for a mortgage with Optimum, fill out an Application form and fax it to 1.866.477.8897.