CWB Optimum Mortgage is a full-service lender that offers a variety of products, including flexible alternative mortgage solutions, for clients who may not fit within traditional guidelines, including those who are self-employed or with bruised credit.

CWB Optimum offers flexible debt ratios, competitive rates, and a variety of features, such as HELOCs, a bank statement program, and a rental program.

• Type of Lender: Other Banks

• Relevant Links: Mortgage Calculator & Client Portal

Ideal Client

CWB Optimum is best suited for first-time buyers, business owners, self-employed individuals, investors, and those with bruised credit. With programs designed to transition clients from alternative to traditional mortgages, CWB Optimum is ideal for those seeking flexible, customized financial solutions.

Special Features:

CWB Optimum offers a variety of mortgage products designed to meet different needs. Their services include a Home Equity Line of Credit (HELOC) for flexible borrowing, flexible debt ratios to accommodate various financial situations, and a bank statement program that can help self-employed borrowers demonstrate their income. They also have a rental program for property investors and a graduate program, which allows clients to transition from alternative financing back to lower-rate lenders. While each of these features has its advantages, clients need to weigh them against their own circumstances to make the best choice.

Downsides:

When considering this lender, it's important to be aware of a few potential downsides. There may be a lender fee involved, and since they don’t offer banking services or have physical branches, you might miss out on some conveniences. Additionally, the prepayment penalties could be higher than what other lenders offer, and the application process can be more paperwork-intensive. Being aware of these factors can help you make an informed decision that best suits your needs.

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