Low-Rate Mortgage
Take advantage of our low-rate fixed closed mortgage which offers a great 5 year fixed rate. With an amortization of 25 years or less you'll pay your mortgage off faster and save in interest. Full repayment before maturity can only occur if property is sold to an unrelated purchaser at fair market value or if the mortgage is renewed or refinanced into another BMO mortgage product1.
Choose this Mortgage if you...
- want a simple, easy to understand mortgage with a great rate
- want to become mortgage free within 25 years
- want peace of mind knowing your rate will not rise during the term
- want 10+10 pre-payment privileges that let you pay down your mortgage faster
- want to budget with certainty
%
APR2
Mortgage Cash Account, Take a Break and Family Care options are not available on this mortgage.
How we can help
If you'd like to discuss your home financing needs, speak with a BMO Mortgage Representative in-branch or meet with a BMO mobile Mortgage Specialist when and where it is convenient for you.
1Prepayment charges will apply.
2The Annual Percentage Rate (APR) for the 5-year low-rate fixed closed mortgage is %. APR assumes no fee(s) apply. If we require you to obtain an appraisal, the appraisal fee would increase your APR. Funds must be advanced within 90 days from the date of application. Offer may be changed, withdrawn or extended at any time without notice. Applications are subject to meeting Bank of Montreal's usual credit criteria. Some conditions may apply. This special offer is not available for Homeowner ReadiLine®.
- 1-877-225-5266
- Mortgage Specialist
- Locate a Branch
- Apply Online
| 5 Year Low Rate Mortgage (closed) |
% APR** |
| Prime Rate | % |
| Smart Saver | % |
