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Switch. Save. Smile.
It’s that simple.

 

Switch your existing mortgage to BMO, use a BMO Chequing Account to make your mortgage payments, and earn up to $1,0001. Roof repairs, a weekend away, savings for a rainy day – we’re sure the money will come in handy!‎

How would you like to start your pre-approval?

For general mortgage inquiries call 1-877-225-5266


How it works

 

 

Step 1

 

Apply for a BMO mortgage with a minimum four-year term and a maximum 25 year amortization1:

  • Receive $500 when you switch to a mortgage with BMO valued between $100,000 - $249,999
  • Receive $1,000 when you switch to a mortgage with BMO valued at over $250,000

Step 2

 

Make your mortgage payments from a BMO Chequing Account that has a Practical, Plus, Performance, AIR MILES®†, Premium or Bank Unlimited Plan1:

  • If you already have a BMO chequing account and a Practical, Plus, Performance, AIR MILES, Premium or Bank Unlimited Plan, you’re ready to go
  • If you don’t yet have a BMO chequing account and a Practical, Plus, Performance, AIR MILES, Premium or Bank Unlimited Plan, open one to get started

1Terms and Conditions


BMO Smart Fixed Mortgage Rates

Pay your mortgage off faster and save on interest with our competitive fixed rates.

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The BMO advantage

 

 

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.

 


Connect with us

 

 

”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®†, Premium or Bank Unlimited 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 sixty (60) 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

 

 

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