RSS

Bank of Montreal's 2.99% is it a good one?

Bank of Montreal's 2.99% is it a good one?

The Bank of Montreal recently came out with a 5year fixed rate of 2.99%. The lowest we have seen from Canadian banks. A few of the other major banks are looking at matching the rate or offering something similar.

We have had a number of people asking us about what we think. Everyone should be very careful before getting too excited about the rate and make sure they sit down with their mortgage specialist and ensure they go over ALL the details. There are a number of restrictions and I always caution getting involved with so many restrictions as you never know what the next 5 years will bring.

If you want more information about this rate. Please give us a call and we would be happy to refer you to a mortgage specialist who can help.

Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.