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Special mortgage offers

With a BMO mortgage, you can have more than just a mortgage. Get our 130-day mortgage rate guarantee, expert advice and more.

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Ready to get started?Get pre-qualified online

Cash back offer

Get up to $4,000 cash back with a new BMO Fixed or Variable Rate Closed Term Mortgage or Homeowner ReadiLine® until June 30, 2024.

Find out how

How to get your cash back

step one

Apply for a mortgage

Get up to $4,000 cash back when you apply to a qualifying Fixed or Variable Rate Closed Term Mortgage or Homeowner ReadiLine® with a term of 3 years or longer – available from March 1, 2024 to June 30, 2024.

step two

Get your mortgage funded

Have your mortgage funded within 130 days from the rate guarantee date.

step three

Make your payments from a BMO account

Use your new or existing BMO chequing account as a funding account to make your mortgage payments.

step four

Enjoy your cash back

You’ll get your cash back within two days after the funding date for your mortgage or Homeowner ReadiLine®.

How much will your cash back be?

Your mortgage loan amount
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  • Get up to $1,200§ in value with us 

    For a limited time, this includes up to a $600** cash bonus when you open a chequing and a Savings Amplifier Account.

FAQs

  • To qualify for our cash back mortgage offer, you must apply for a new BMO Fixed or Variable Rate Closed Term Mortgage or Homeowner ReadiLine® by June 30, 2024.

  • A mortgage pre-qualification shows you how much you can potentially afford for a home, similar to a pre-approval but without a thorough review of your financial information. This is a great option if you’re just starting out on your homebuying journey. While this estimate is subject to change, you can lock in your mortgage rate for 130 days with your pre-qualification.‡‡ Simply answer a couple of questions online and get pre-qualified in just a minute.

  • A pre-approval basically says that a lender (like us) will loan you a certain amount of money at a certain rate so that you can afford to buy a home. There’s no fee, no commitment and you can get pre-approved online in minutes!

  • It’s a good idea to get pre-approved before you start looking for a home. A mortgage pre-approval will help you set your budget and your expectations by letting you know how much you can afford. It’ll also signal to real estate agents and sellers that you’re serious about buying a home and have the money to back it up.

  • Mortgage pre-qualification is your first step in determining how much you can potentially afford for a home. There’s no hard credit check required to get a general estimate and it’s based on information such as income, assets, and debt. Answer a few questions and get pre-qualified in just a minute.

    Mortgage pre-approval tells you how much you can borrow based on a preliminary review of your credit report and the personal and financial information provided in your application for a pre-approved mortgage. Pre-approval remains subject to there being no material change to the information you provide, or the information disclosed in your credit report.

    Whether you’re just starting out with a pre-qualification or you’re ready to apply for a pre-approval, shop for your next home with confidence. Lock in your mortgage rate for 130 days – the longest of any major Canadian bank. Kickstart your homebuying journey here.

Helpful mortgage resources

Steps to buying a home

Learn about each step of your home-buying journey, from calculating how much you can afford to managing your closing day.

Mortgage Payment Calculator

Calculate how much you'd spend each month to buy a new home or to renew or refinance your mortgage.

Mortgage Affordability Calculator

Find out how much home you can afford so you can start house hunting with confidence knowing what your price range is.

Ready to get started?

  • Call us today

    Get expert insight from one of our Home Advisors.

  • Apply now

    Start your homebuying journey in just a few clicks.

  • Visit us

    Book an appointment at your nearest branch to chat about your mortgage options.

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