Periodically BMO offers special proposals for mortgage loans, which include:
- decreases interest rate
- rebate to a switching fee
To be eligible a client should:
- be either a first-time home buyer or switch the existing loan to the bank
- apply for certain types of mortgage loans, for example, 3-year fixed loan
- submit a loan application within the time frame specified by the bank
You should track special offers on mortgages on the bank's website.