How does the down payment amount affect the total cost of your mortgage? Want to see the impact a larger down payment can make on your payments? Let’s crunch the numbers. In this scenario, say you’re buying a $300,000 home at a 5% interest rate. This is on a 2-year term with...
Learn more:What is the federal funds rate? What are today’s best savings account rates? HYSAs continue to offer higher-than-average returns compared with what they were offering just ten years ago. That’s good news for savers, as robust yields mean your money will grow faster in a HYS...
A wire transfer is a secure way to send money electronically either domestically or internationally. Wire transfers may have higher fees than other forms of payment.
A frozen bank account is typically related to fraud or unpaid debt. Speak with your bank to understand the cause of the freeze and the actions required to restore account functionality.
maker of tortillas, success is built on relationships – within the family and with partners like BMO Harris Bank. When Josie Ippolito was a little girl, she used to get up before dawn to help make tortillas in the family's modest shop before she headed off to school. Today she leads a...
If you want to get a head start with planning your summer adventures head down to the BMO centre where the Calgary Motorcycle show is going on this weekend. The hours are from noon to 9PM on Friday, 10AM to 8PM on Saturday, and from 10AM to 5 PM on Sunday. ...
A fixed-rate mortgage is a type of home loan with an interest rate that remains constant for the entire term of the loan. A fixed-rate mortgage has a monthly principal and interest payment that remains constant throughout the loan's term. ...
If the qualifying activity requirement is not fulfilled, the interest rate paid on the entire balance will be 0.01% APY. Debit card pros and cons Debit cards are a quick and convenient way to pay for everyday purchases. In addition to asking "What is a debit card?" you should also ...
A fixed-rate mortgage is a type of loan based on real estate, with an interest rate that remains constant for the entire term of the loan. For example, let's say you get a30-year mortgagewith a fixed interest rate of 4.00%. This ...
Today's stated income mortgage is subject to underwriting. Lenders require a minimum credit score and maximum LTV. We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, a...