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BMO's 5-year 2.99% - A great rate but with a lots of restrictions!

Posted by Zaheer Harji | BCRates.com (zaheer) on Jan 24 2012
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There are so many products that are better for you in the long run starting at 3.09% (Latest Rates). Don't fall for the rate, always look at the pre-payment privelages and options available if you need to Re-Fi in the future or break your mortgage for any reason.

Maximum Amortization = 25 years

Pre-payment allowance of only 10%

You cannot DISCHARGE, TRANSFER or RE-FI this mortgage without a bonafide sale! You're only allowed a Re-Fi if it stays with BMO

Only available till Jan 25, 2012

Questions or Comments?

Contact Zaheer Harji - Mortgage Advisor at Centum Pacific Mortgages Inc.

http://www.bcrates.com/pages/contact.php

Last changed: Jan 24 2012 at 2:38 PM

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