BMO Bank of Montreal 2.99% 5 Year Fixed Mortgage Rate is Back
Mortgage News / Mortgages

BMO Bank of Montreal 2.99% 5 Year Fixed Mortgage Rate is Back

Just over a week ago BMO executives had issued a warning to mortgage brokers, letting them know that they were going to beef up their mortgage sales force and focus on capturing market share. BMO is looking to kick their growth into high gear in response to feeling the effects of a sluggish market. In this case, their bite was worse than their bark. BMO is once again offering their 5 year fixed closed mortgage at 2.99%. Continue reading »

Mortgage Professional On The Front Line To Homeownership

Mortgage Professional On The Front Line To Homeownership

Increasingly Canadians looking to buy a house are seeking more information from the professional helping to secure their mortgage. They look to their mortgage expert for good financial advice, guidance and some level of consultation on what most likely is the biggest investment of their lives. Mortgage experts are now on the front line when giving advice to new homeowners on how much they should borrow and at what rate. Continue reading »

How to Pay Off Mortgage Faster

How to Pay Off Mortgage Faster

If you’re a member of the Debt Club (i.e. you have mortgage that will take you quite a while to pay off), you need to start planning for your ‘graduation day’ – the day when you become Debt Free.

Although your amortization says 25 years – there and a few simple steps that you can take to make sure you become debt free faster and spend less money on interest along the way. Continue reading »