Bank of Montreal Mortgage Rates

Bank of Montreal Mortgage Rates 2017-11-03T08:54:19+00:00
Bank of Montreal Mortgage Rates

Established in 1817, and currently marking its 200th year of operations, BMO Bank of Montreal is a highly diversified financial services provider based in Canada. With total assets of $719 billion as of April 30, 2017 and over 45,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers.

Personal and commercial banking in Canada promises customers a great experience and the clarity they are looking for to help them make the right financial decisions. Collaborating with our colleagues across the enterprise, they offer a full range of products and services including everyday banking and a full suite of mortgage products.

BMO Bank of Montreal Mortgage Rates

BMO Bank of Montreal mortgage rates include fixed and variable rates for a number of different lengths of terms and products including new purchases, first time home buyers, second home properties and investment or rental properties.

BMO Bank of Montreal Mortgage Products

  • Smart Fixed Rate Mortgages
  • Closed Fixed Rate Mortgages
  • Closed Variable Rate Mortgage
  • 6 Month Convertible Fixed Rate
  • Open Fixed Rate Mortgages

BMO Bank of Montreal Mortgage Options

  • Payment Options: Weekly, Bi-Weekly, Semi-Monthly, and Monthly
  • Terms: 6 Month, 1, 2, 3, 4, 5, 6, 7 and 10 Year Fixed and 3 & 5 Year Variable
  • Amortization: Up to 30 years Conventional and 25 Years Insured
  • Loan to Value: Up to 80% Conventional or 95% Insured

  • Prepayment: 10% Lump Sum Payment and Increase Payments 10%

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BMO Bank of Montreal News

  • Canada's Big 5 Banks All Raise Interest Rates

Canada’s Big 5 Banks All Raise Interest Rates

September 11th, 2017|0 Comments

Bank of Montreal, CIBC, Royal Bank of Canada, TD Bank and Scotiabank all announced they are raising their prime lending rate to 3.2 per cent, from 2.95 per cent, increasing rates by the same 0.25 percentage points as the Bank of Canada. Borrowers who have variable rate mortgages will feel the impact immediately, with more of their payments going to cover interest. And in the longer term, those looking [...]

  • Special Mortgage Offers from Bank of Montreal

Special Mortgage Offers from Bank of Montreal

August 14th, 2017|0 Comments

1. Switch your mortgage to BMO and get up to $1500 cash Step 1 Apply for a BMO fixed or variable rate mortgage with a minimum four-year term and a maximum 25 year amortization on or after June 1, 2017: Receive $500 when you switch to a mortgage with BMO valued between $100,000.00 - $249,999.99 Receive $1,000 when you switch to a mortgage with BMO valued between $250,000.00 - [...]