|5 Year Smart Fixed||3.990%||4.01%|
|10 Year Smart Fixed||4.490%||4.51%|
|3 Year (Open)||5.150%|
|5 Year (Closed)||4.100%|
Bank of Montreal provides a large number of mortgage products that are considered to be some of the most competitive in all of Canada. Depending on what exactly you require, BMO can offer you fixed and variable rates with associated open, closed, and convertible rate mortgages.
When the unexpected happens, BMO mortgage rates offer versatile payment options. BMO provides an opportunity to’ take a break’ if you need some extra cash on hand. It allows you to miss one month of regular mortgage payments per year. In the case where you have to leave your job to look after a new baby or sick family member, BMO provides the’ family care ‘ option that allows you to miss four straight monthly payments a year.
Whether it’s your first mortgage or you’re switching mortgage lenders, a BMO mortgage specialist can direct you through the application process and help you decide on one that will best suit your budget and needs. Depending on if you are a first time home buyer or if its the second time around, comparing mortgage rates on Ratesupermarket.ca will most definitely help you.