Borrow: funds for what you need
Borrowing can help you access funds for your next big purchase. Learn about terms, interest rates, and repayment plans on loans, lines of credit, and mortgages.
Mortgages and HELOC
Turn homeownership into reality by gaining a clear understanding of the financial journey—from buying to owning your home.
Applying for a mortgage: 5 tips to get you started
Learn moreFeeling intimidated by a mortgage application? Follow these five simple steps to boost your confidence and maybe improve your chances of getting approved.
What’s a HELOC?
Learn moreDiscover everything you need to know about what a HELOC is and how to use it.
HELOC vs. home equity loan
Learn moreUse our guide to help decide if a HELOC or a home equity loan is right for you.
What does it mean to refinance a mortgage
Learn moreLearn all about mortgage refinancing - what it is, how it works, and why it may be worth a look.
Fixed vs adjustable rate mortgages
Learn moreWhat’s the difference between a fixed and adjustable rate mortgage? And which is better for you? We’ve got those answers and more.
What you need to know about your down payment on a house
Learn moreHow much money should you put down on a new home? Get our tips on saving for a down payment and calculate what your payments could be.
How does mortgage interest work?
Learn moreHere’s what you need to know about mortgage interest rates, including factors that impact your rate. Plus, get tips on how to score a lower interest rate.
How do interest-only mortgages work?
Learn moreInterest-only mortgages can offer homebuyers lower payments initially, but they could cost more than a traditional loan in the long run.
Mortgage pre-approval vs. pre-qualification: What’s the difference?
Learn moreShould you get pre-approved or pre-qualified for a mortgage? Learn the difference between the two to make your house-shopping journey easier.
A 2026 Guide to Down Payment Assistance Programs
Learn moreWe dive into down payment assistance programs: what’s available, who’s eligible, where and how to apply, and more.
Loans and lines of credit
Learn more about the various loan options available to you.
What is a home equity loan?
Learn moreWe explore how home equity loans work, its benefits and how it compares with other loan products.
What is a credit score?
Learn moreFind out the factors that affect your credit score and get some useful tips for improving your rating.
How to apply for a loan
Learn moreHere's your complete guide to understanding the loan application process.
What is a line of credit
Learn moreA line of credit is a flexible way to borrow money over time. Learn more about lines of credit, how they work, and if one might be the right for you.
How to consolidate debt with a home equity line of credit
Learn moreTap into the equity in your home to consolidate your debt and potentially save money over time. Here's how.
Your access to financial literacy and education
BMO SmartProgress® is a no-fee interactive learning experience that breaks down complex financial concepts, like investing, retirement planning, budgeting, credit scores and more! You get to learn at your own pace about the things that matter most to you.
BMO wants you to be more confident in your finances and help you make real financial progress.
Do you have financial goals?
Financial Progress Hub
Go to hubUnderstanding your goals empowers you towards making real financial progress.
Save: create financial stability
Learn moreI want to save more money for unexpected costs and my next big purchase.
Spend: build better habits
Learn moreI want to understand how to spend my money in a way that helps me achieve financial stability.
Plan: Prepare for the future
Learn moreI want to be financially prepared for life’s big moments from buying a home to retirement.