Mortgage rates About the same as the national average. When the prime rate drops, year amortization unless noted. The smart fixed-closed mortgage has rates, are advertised discounts off much you can afford.
This will help you be mortgage free faster by letting you put more money towards your mortgage balance each month, which will save you money in interest payments over your term. Review other costs to keep in mind when buying a home. This can give you peace of mind knowing that even if the BMO prime lending rate changes, you will still have the same interest rate. With a BMO convertible closed mortgage, you can convert your mortgage from a six-month term to a longer fixed-rate term of one year or more without prepayment penalties. Affordability Calculator: How much house can you afford?
