|Rate Hold||130 Days (Jun 03)|
|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||Jan 20, 2022|
|Previous Update||Nov 30, 2021|
|Latest Rate Change||+0.02%|
|Rate ID #||6050|
All BMO Bank of Montreal mortgage rates
How It Compares
- The 21st-lowest 5-year fixed rate as of January 24, 2022
- Ranked 11 out of 2273 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 This offer may be changed, withdrawn or extended at any time without notice.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.