Mortgage cash account from BMO

Discover the BMO mortgage cash account

When a borrower makes some extra repayments on his mortgage loan, the additional principal redemptions go towards making a Mortgage Cash Account.

So, he can re-borrow from the prepaid sum of 2,500 CAD according to the BMO mortgage conditions.

The re-borrowed money will be added to the mortgage principal at the valid interest rate for the remainder of the term.

Having any questions, you can call 1-844-837-9228.

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All Bank Of Montreal FAQ