BMO Bank of Montreal announced that effective April 7th, its five year low rate fixed closed mortgage will be increasing to 3.95% from 3.75%. This new rate remains at the lowest in the marketplace, and the gap between BMO’s rate compared to the competition has widened following the recent round of rate increases. This is

With new mortgage rules coming into effect and mortgage rates due for an increase as the Bank of Canada’s rate increases; Canadians will soon find themselves in a bind when purchasing a home. To help ease the stress of purchasing a home, I have a few tips you may want to consider following. 1. Lock

BMO Bank of Montreal announced on March 9th, 2010 that it will be decreasing its residential mortgage rate; this will take effect as of March 10th, 2010. In addition BMO Bank of Montreal also announced that it will be making it easier for Canadians to be mortgage free sooner with the introduction of the new

You’re looking into a new mortgage, but don’t know where to start? Going through either a mortgage broker or bank will still get you a mortgage, but the value and terms of the mortgage will vary depending on which route you take. A mortgage agent at a mortgage brokerage is a licensed individual that works

The Bank of Montreal (BMO) has now introduced its BMO First Home Essentials. When you buy your first home there are a lot of things to consider; at times it will be overwhelming. I know when I begin to look it will be a stressful event; although it will be exciting knowing I will be