|Rate Hold||130 Days (Feb 01)
The length of time that the lender will guarantee the rate. If you don't close by the date in parentheses, the rate is subject to change.
|Permitted Loan-to-Value||80.01% to 95%|
|Max Property Value||$1,000,000.00|
|Max Amortization||25 Years|
|On Ratespy Since||September 06, 2019|
|Last Updated||Sep 22, 2021|
|Previous Update||Mar 26, 2021|
|Latest Rate Change||-0.35%|
|Rate ID #||6050|
All BMO Bank of Montreal mortgage rates
How It Compares
This rate is:
- The 19th-lowest 5-year fixed rate as of September 24, 2021
- Ranked 154 out of 2892 rates for popularity.
Check this provider's website for complete details.
Available on the 5-year BMO Smart Fixed default insured Mortgage (closed) for customers with a down payment of less than 20% who purchase and qualify for mortgage default insurance. The Annual Percentage Rate (APR) is based on a $350,000 mortgage, 25-year amortization and an appraisal fee of $300, which may be required to complete your lending application. Mortgage funds must be advanced within 130 days from the date of application. Appraisal fees are subject to change. An increase in the appraisal fee may result in an increase to the APR. This offer may be changed, withdrawn or extended at any time without notice. Applications are subject to meeting eligibility conditions for mortgage default insurance and BMO's usual credit criteria. Some conditions may apply. This offer is not available for the regular 5-year fixed rate mortgage (closed) or the Homeowner ReadiLine®. This offer is not available for renewals or refinances of existing BMO mortgages. Rental properties are not eligible.
RateSpy does not see or store your contact information or personal information when you inquire about a rate. The information you enter goes directly to the lender. Mortgage rates listed are subject to change at any time and apply to those with approved credit. Please contact the mortgage provider directly for more information.