2.99 Per Cent Mortgage Offers: What a Difference a Year can Make
- BMO's five-year fixed rate provides a shield against rising rates for a longer period of time - BMO's shorter 25-year amortization reduces the mortgage balance faster - 2.99 per cent rate minimizes the cost of homeownership over time - BMO invites new and existing customers to enjoy the benefits of this offer - Get pre-approved at BMO by March 28 and take three months to find the right home within your budget
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 03/09/12 -- BMO Bank of Montreal today urged Canadians to consider the benefits of locking in for a longer period of time and reinforced the value of choosing a 25 year amortization.
"BMO's award-winning low-rate mortgage, which is offered at 2.99 per cent until March 28, gives your family a five-year shield against rising interest rates," said Katie Archdekin, Head of Mortgage Products, BMO Bank of Montreal. "Some banks are providing only four years of protection. With BMO's low-rate mortgage, which comes with a maximum amortization of 25 years, Canadians can pay less in total interest, throw a mortgage burning party five years sooner than their friends, and secure a debt-free retirement."
According to Sal Guatieri, Senior Economist, BMO Capital Markets, interest rates are expected to begin rising next year.
Ms. Archdekin added, "If you want to lock in for a full 10 years, you can do so at 3.99 per cent by choosing our newest low-rate mortgage, which also comes with a maximum amortization of 25 years."
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $538 billion as at January 31, 2012, and more than 47,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.
Contacts:
Media Contacts:
Matthew Duffin, Toronto
(416) 867-3996
Sarah Bensadoun, Montreal
(514) 877-8224
Laurie Grant, Vancouver
(604) 665-7596
Web:
Twitter: (at)BMOmedia
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Unternehmensinformation / Kurzprofil:
Datum: 09.03.2012 - 16:25 Uhr
Sprache: Deutsch
News-ID 123380
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Commercial & Investment Banking
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"2.99 Per Cent Mortgage Offers: What a Difference a Year can Make"
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