Lender History:
Canadian Western Bank (CWB) was founded in 1984 in Edmonton, Alberta, through the merger of Bank of Alberta and Western & Pacific Bank of Canada. Initially focused on serving Western Canada, CWB has grown into a full-service financial institution offering banking, lending, and wealth management services across Canada. Known for its expertise in commercial lending, real estate financing, and equipment leasing, CWB emphasizes a relationship-driven approach to banking. Over the years, it has expanded its footprint and diversified its offerings while maintaining strong roots in supporting local businesses and communities. Most recently, having been acquired by National Bank, we can only expect that they will have an even stronger backing and presence in the market.
Lender Niches
Canadian Western Bank (CWB) excels as a great alternative lender, particularly for commission-based employees who may face challenges with traditional financing. Offering a versatile range of HELOC products alongside both traditional and alternative lending options, CWB provides tailored solutions to meet diverse needs. Their willingness to consider extended debt-service ratios makes them a standout choice for borrowers seeking flexibility and customized support in achieving their financial and real estate goals.
Factors to consider:
When considering Canadian Western Bank (CWB) for lending, it's important to note their great programs tailored for commission-based self-employed individuals, such as mortgage brokers and realtors. CWB's extended debt-service ratio allowances provide additional flexibility for borrowers with non-traditional income streams. However, their HELOC products are available only to fully qualified clients, making it essential to ensure all eligibility criteria are met. These factors make CWB a strong option for professionals seeking tailored and flexible lending solutions.
