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Special Offers

( Current as of March 3, 2016 )

BMO Smart Fixed Mortgage

%

2.91% APR*

5-years

(fixed rate closed mortgage)

%

3.95% APR**

10-years

(fixed rate closed mortgage)

With an amortization of 25 years or less, you’ll pay your mortgage off faster and save on interest.

Celebrate your first home with a cash reward1

Celebrate becoming a first-time home buyer with a little extra cash from BMO. Get up to $1,000 in cash when you get a BMO mortgage requiring mortgage default insurance and use your chequing account to make your mortgage payments‎1.

Terms and conditions
Happy couple celebrating their first home

Man holding his daughter

Move your mortgage to BMO. Earn up to $1,000*

Switch your existing mortgage to BMO, use a BMO Chequing Account to make your mortgage payments, and earn up to $1,000*. Roof repairs, a weekend away, savings for a rainy day – we’re sure the money will come in handy!

Terms and conditions

Find out more   
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Why choose a mortgage with BMO?

Personalized, expert advice

A BMO Mortgage Specialist is your guide through the mortgage process. Working with your finances and goals, they’ll provide you with a customized home financing plan.

Dependable pre-approval

House hunt with confidence. Your pre-approval is valid for 90 days. Count on it to make a quick offer when you find the perfect home.

Competitive rates

Whether you need a short- or long-term mortgage, open or closed, variable or fixed, we offer competitive mortgage rates to match your needs and budget.

Personalized, expert advice A BMO Mortgage Specialist is your guide through the mortgage process. Working with your finances and goals, they’ll provide you with a customized home financing plan.
Dependable pre-approval House hunt with confidence. Your pre-approval is valid for 90 days. Count on it to make a quick offer when you find the perfect home.
Competitive rates Whether you need a short- or long-term mortgage, open or closed, variable or fixed, we offer competitive mortgage rates to match your needs and budget.

2016 Mortgage Bundle Offer

 

*Earn $800.00 cash when you get a new BMO Mortgage OR BMO Homeowner ReadiLine OR BMO Homeowner Line of Credit and a new BMO Chequing Account between September 6, 2016 and October 31, 2016.

 

Terms & Conditions:

1a. Apply and be approved for a BMO Mortgage of at least $200,000.00 with a closed term of 4 years or longer between September 6, 2016, and October 31, 2016;

 

OR

 

1b. Apply and be approved for a BMO Homeowner ReadiLine or BMO Homeowner Line of Credit with an installment portion of least $200,000.00 with a closed term of 4 years or longer between September 6, 2016 and October 31, 2016;

 

AND

 

3. Have the BMO Mortgage or BMO Homeowner ReadiLine or BMO Homeowner Line of Credit (each a “New BMO Mortgage”) advanced by January 31, 2016;

 

AND

 

4. Open a new BMO Canadian Dollar Primary Chequing Account (a “Chequing Account”) with a new Practical, Plus, Performance, AIR MILES®† or Premium Plan (each an “Eligible Plan”) including Eligible Plans part of the BMO Perks at Work, BMO NewStart, Canadian Defense Community Banking, Senior, and Registered Disability Savings Plan discounted banking programs between September 6, 2016 and October 31, 2016;

 

AND

 

5. Make a deposit of any amount into the Chequing Account between September 6, 2016, and October 31, 2016;

 

AND

 

6. Set up one (1) recurring direct deposit from your employer or your pension into the Chequing Account and have at least one (1) direct deposit transaction credited to the Chequing Account by January 31, 2017;

 

AND

 

7. Make at least two (2) Eligible Bill payments (defined below) from the Chequing Account by January 31, 2017;

An “Eligible Bill Payment” is defined as:

 

  1. A bill payment made:
    1. at a BMO Branch;
    2. through a BMO ATM;
    3. through BMO Online Banking;
    4. using BMO Mobile Banking (including BMO Mobile Banking App, BMO Tablet App or smartphone mobile web at bmo.com); or
    5. using Telephone Banking (through Interactive Voice Response system (IVR) or with an associate); OR
  2. a recurring Pre-Authorized Debit; OR
  3. a transfer from your Chequing Account to a BMO credit product.

 

 

An Eligible Bill Payment excludes:

  • Payments made at a BMO branch that are remitted manually (paper submission) and do not appear itemized on your Chequing Account transaction history;
  • A Pre-Authorized Debit that is debited and returned as non-sufficient funds, payment stopped, or returned as unauthorized; or
  • An electronic payment that is debited and subsequently cancelled or recalled.

 

AND

 

8. Set up the Chequing Account as the funding account for the New BMO Mortgage by [date].

 

Exclusions:

The following customers are not eligible for the $800.00 cash offer:

  • Customers who have an existing BMO Mortgage or BMO Homeowner ReadiLine or BMO Homeowner Line of Credit at time of application for a New BMO Mortgage or customers who pay off or refinance an existing BMO Mortgage or BMO Homeowner ReadiLine or BMO Homeowner Line of Credit between September 6, 2016 – October 31, 2016.
  • For New BMO Mortgages that are Joint: no Cash Bonus will be paid if any customer obtaining the New BMO Mortgage has an existing BMO Mortgage or BMO Homeowner ReadiLine or BMO Homeowner Line of Credit at the time of application for a New BMO Mortgage or pays off or refinances an existing BMO Mortgage or BMO Homeowner ReadiLine or BMO Homeowner Line of Credit between September 96, 2015 2016 – October 31, 2015 2016.

  • Customers who have an existing Canadian or U.S. Dollar Primary Chequing Account, Canadian or U.S. Dollar Interest Chequing Account, BMO Sobeys AIR MILES®* Chequing Account, BMO Club Sobeys Chequing Account, BMO IGA AIR MILES Chequing Account (each an “Existing Chequing Account”) or those who closed their Existing Chequing Account between September 6, 2015 – October 31, 2016, and subsequently open a new Chequing Account.
  • For Joint Chequing Accounts: if either customer has an Existing Chequing Account or closes their Existing Chequing Account between September 96, 2015 2016 – October 31, 20152016, and subsequently opens a new Chequing Account.
  • Employees of Bank of Montreal and those with whom such employees are domiciled.

 

Other:

 

Customers who receive non-standard pricing may not be eligible for the cash offer

 

All applications are subject to meeting Bank of Montreal’s usual credit criteria.

Limit of one (1) $800.00 cash payment per customer. Customers who obtain a joint

New BMO Mortgage will only qualify to receive one (1) $800.00 cash payment. The Chequing Account must be in the same names as the New BMO Mortgage. The $800.00 cash payment will be deposited to the Chequing Account by March 1, 2017. Your Chequing Account and New BMO Mortgage must remain open and in good standing as of March 1, 2017, to remain eligible.

 

This offer cannot be combined with any other mortgage or Everyday Banking offer, promotion or discounted banking programs, for example: Kids, Teens and Students/Recent Graduates.

 

This offer may be changed, withdrawn or extended at any time without notice.

®* Trademarks of AIR MILES International Trading B.V. Used under license by LoyaltyOne, Co. and Bank of Montreal



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"Bring your Mortgage to BMO" Cash Offer

 

*Earn up to $1,000.00 cash with a new BMO Mortgage and a BMO Chequing Account.

 

Terms & Conditions:

1a. $500.00 Offer: Apply and be approved for a transfer of your existing mortgage from another financial institution into a new BMO mortgage of $100,000 - $249,999 with a closed term of four (4) years or longer and a maximum twenty-five (25) year amortization period ("BMO Mortgage");

OR

1b. $1,000.00 Offer: Apply and be approved for a transfer of your existing mortgage from another financial institution into a new BMO mortgage of at least $250,000 with a closed term of four (4) years or longer and a maximum twenty-five (25) year amortization period ("BMO Mortgage");

 

AND

 

2a. Open a BMO Canadian Dollar Primary Chequing Account (a “Chequing Account”) with a Practical, Plus, Performance, AIR MILES®† or Premium Plan (each an “Eligible Plan”) and set up the Chequing Account as the funding account for the BMO Mortgage;

OR

2b. Set up an existing Chequing Account with an Eligible Plan as the funding account for the BMO Mortgage.

 

Exclusions:

1. The following customers are not eligible for the offers:

  • Customers who obtain a new mortgage that was not transferred from another financial institution
  • Customers who renew or refinance an existing BMO mortgage
  • Employees of Bank of Montreal and those with whom such employees are domiciled.

 

2. Customers who receive non-standard pricing or have appraisal, title insurance, or legal fees reversed will not be eligible for the cash offer.

 

All applications are subject to meeting Bank of Montreal’s usual credit criteria. Limit of one (1) $500.00 or $1,000.00 cash payment per customer. Customers who obtain a joint BMO Mortgage will only qualify to receive one (1) $500.00 or $1,000.00 cash payment. The Chequing Account must be in the same name(s) as the BMO Mortgage. The cash payment will be deposited to the Chequing Account thirty (30) days after the mortgage funds have been advanced. Your Chequing Account and BMO Mortgage must remain open and in good standing, to remain eligible.

 

This offer cannot be combined with any other mortgage or Everyday Banking offer or promotion or Kids, Teens, and Students/Recent Graduates discounted banking programs.

 

This offer may be changed, withdrawn or extended at any time without notice.

 

®* Trademarks of AIR MILES International Trading B.V. Used under license by LoyaltyOne, Co. and Bank of Montreal

Terms and Conditions

 

 

1a. $500.00 Offer: Apply for, and be approved and advanced a new BMO fixed or variable rate mortgage of $100,000 - $249,999 with a closed term of four (4) years or longer and a maximum twenty-five (25) year amortization period (“BMO Mortgage”) on or after January 16, 2017;

 

OR

 

1b. $1,000.00 Offer: Apply for, and be approved and advanced a new BMO fixed or variable rate mortgage of at least $250,000 with a closed term of four (4) years or longer and a maximum twenty-five (25) year amortization period (“BMO Mortgage”) on or after January 16th, 2017;

 

AND

 

2. The BMO Mortgage must require mortgage default insurance and default insurance must have been obtained.

 

AND

 

3a. Open a BMO Canadian Dollar Primary Chequing Account (a “Chequing Account”) with a Practical, Plus, Performance, AIR MILES®† or Premium Plan (each an “Eligible Plan”) and set up the Chequing Account as the funding account for the BMO Mortgage;

 

OR

 

3b. Set up an existing Chequing Account with an Eligible Plan as the funding account for the BMO Mortgage.

 

Exclusions:

 

1. The following customers are not eligible for the offers:

 

  • Customers who have an existing mortgage with BMO
  • Customers who are transferring a mortgage from another financial institution
  • Customers who have previously held a mortgage
  • Employees of Bank of Montreal and those with whom such employees are domiciled
  • Customers who receive non-standard pricing or have appraisal, title insurance, or legal fees reversed will not be eligible for the cash offer

 

All applications are subject to meeting Bank of Montreal’s usual credit criteria.

 

Limit of one (1) $500.00 or $1,000.00 cash payment per customer. Customers who obtain a joint BMO Mortgage will only qualify to receive one (1) $500.00 or $1,000.00 cash payment between them. The Chequing Account must be in the same name(s) as the BMO Mortgage. The cash payment will be deposited to the Chequing Account approximately thirty (30) days after the mortgage funds have been advanced. Your Chequing Account and BMO Mortgage must remain open and in good standing for at least 30 days after funding of the BMO Mortgage, to remain eligible.

 

This offer cannot be combined with any other mortgage or Everyday Banking offer or promotion or Kids, Teens, and Students/Recent Graduates discounted banking programs.

 

This offer may be changed, withdrawn or extended at any time without notice.

 

®* Trademarks of AIR MILES International Trading B.V. Used under license by LoyaltyOne, Co. and Bank of Montreal