Tag Archives: BMO Bank of Montreal


Helpful tips from BMO Bank of Montreal

Buying your first home as a couple? Check out these six tips.

Become a savvy home-buying duo.

Are you and your partner gearing up to be first-time homebuyers? You aren’t alone.

With real estate prices on the rise, taking on a mortgage payment as a couple may be more realistic than attempting to buy independently.

You may also find the process intimidating ― but fear not. Take note of these six tips that will help you and your partner be properly equipped to make the biggest purchase of your life: Continue reading

Less Weight on the Shoulders

Given the record debt of Canadian households, BMO Bank of Montreal suggests that owners opt for a mortgage loan with a 25-year amortization period.
“The shorter your mortgage, the less interest charges you’ll pay in the end. By choosing a 25-year amortization period, you free yourself from your mortgage quicker, and you can start to save more for your long-term objectives, such as financing your retirement,” the financial institution explains. Continue reading