Use your home equity line of credit (HELOC) 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 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:
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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.
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Get convenient access to your funds at one of Canadian Western Bank’s 41 branches or 2,400 ABMs across Canada.
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Increase your HELOC limit if your home increases in value.
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Access Canadian Western Bank’s E-Pay System—allowing you to transfer money to bank accounts with other financial institutions.