BMO Harris Bank offers Mortgage Loan with 0.125% Interest Rate Discount + $200 off Closing Costs

BMO Harris Bank logoPurchasing a home comes with as much excitement as it does stress, with the latter mostly related to financing the deal. In addition to finding the right mortgage with the most affordable interest rate and fees, home buyers must also consider how they will cover added expenses like closing costs and moving. Some financial institutions are taking away the pain of making home ownership affordable by offering incentives to new home buyers who meet certain criteria. Compare offers from multiple mortgage lenders.

Promotional Offer Details

From now through May 31, 2017, BMO Harris Bank is offering a combination of promotions to ease the financial burden of buying a home. Qualified borrowers who submit an application by the deadline can take advantage of a 0.125% interest rate discount applied to a fixed or adjustable rate mortgage. Additionally, up to $200 off closing costs is being offered through the same promotion.

The interest rate discount and reduced closing costs are available for mortgages used to purchase a home only, as refinancing a current home loan does not qualify for this promotion. To receive the $200 in closing cost discounts, home buyers must establish auto pay for the new mortgage from a BMW Harris personal checking account. Eligible homes include single family residences with one to four units, or one unit second homes; investor properties are excluded from the promotion, not matter the size. All borrowers included on a BMO Harrison mortgage application must qualify based on credit history and score, and each person may be required to provide proof of income as part of the application process.

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Other BMO Harris Mortgage Products

BMO Harris offers a wide variety of home loan options for qualified applicants, including fixed interest rate mortgages with various repayment terms and adjustable interest rate mortgages with competitive rates and adjustment schedules. The bank also offers affordable mortgage programs specifically designed to assist borrowers who have lower income and little set aside for a down payment. Refinancing mortgages are also available, as are jumbo loans for borrowers looking for a mortgage over conforming loan limits.

About BMO Harris Bank

BMO Harris Bank has a 200-year history of providing quality financial products for both individual and business banking customers throughout the Midwest. The bank currently offers access to more than 600 branch locations and 1,300 ATMs throughout Illinois, Indiana, Wisconsin, Kansas, Missouri, Minnesota, Arizona and Florida. In addition to mortgage products, the bank also offers deposit accounts, wealth management services, and personal lending solutions.

Contact Information

Homeowners interested in the interest rate discount and closing cost reduction through BMO Harris Bank can gather more information by visiting any full-service branch location, calling a representative at 1-800-546-6101, or visiting BMO Harris online.

Posted on May 10, 2017 by in Mortgages,

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