Special offers for banking

* Special offers are subject to change. The On-Time Closing Guarantee is available on applications received from 09/01/2024 through 7/31/2025. The On-Time Closing Guarantee offer consists of a closing cost discount of up to $5,000 paid out only if the closing is not completed within the eligible timeframe.

This offer is available subject to the following:

On-Time Closing Guarantee: The On-Time Closing Guarantee offers assurance to customers purchasing a 1st lien owner occupied home that the loan will close by the Contract Closing Date, or the customer will receive up to $5,000 as a closing cost discount. Eligibility requirements: (1) Applications must be submitted through Blend, BMO’s online loan application platform. (2) Provide a fully executed purchase contract along with all required documentation to make a loan decision (income, assets, disclosures). (3) Loan must meet BMO’s standard underwriting guidelines. (4) Conventional Loans:  the closing date must be a minimum of 21 calendar days from the date the Application Deposit is received. (5) For FHA, Physicians, Bond Program Financing: the closing date must be a minimum of 45 calendar days from the date the Application Deposit is received. Program exclusions: (1) Changes to the original closing date documented in the purchase agreement resulting in moving the date forward. (2) Customer or seller-initiated changes within 10 calendar days of closing. (3) Delay due to customer’s failure to provide all requested documentation (income documents, letter of explanation, credit documentation, etc.) within 2 business days of the date of the request. (4) Delays caused by third parties (Appraisals, Title issues, etc.). (5) Delay due to Valuation Disputes. (6) Delays due to force majeure events, including weather or natural disaster. (7) Closing date extensions due to a delay in completion of new construction, improvements, or repairs being made to the subject property. (8) Products Excluded: One Close Construction, Construction to Perm, Gateway Loans,  Co-ops, New Condo projects, Leaseholds. Addition of ReadyLine or Tandem financing after initial submission, Refinance loans, Second home and Investment properties.

BMO reserves the right to amend, terminate, or withdraw the On-Time Closing Guarantee at any time without prior notice. Closing guarantees and other awards (“awards”) transferred to you under the terms of the program will be considered a discount of underwriting fees paid at mortgage closing. Any awards transferred at or outside closing in excess of the value of the underwriting fees may be considered miscellaneous income and may be reportable on Form 1099-MISC (Miscellaneous Information) or Form 1042-S (Foreign Person’s U.S. Source Income Subject to Withholding) to you and the IRS for the year in which you participate and receive the awards. You are responsible for any tax liability related to participating in the program. Please consult your personal tax advisor for questions about the impact to your personal income tax returns.

1. Special offers are subject to change. The closing cost discount offer is available on applications received from September 1, 2024, through July 31, 2025. The closing cost discount offer consists of a $500 closing cost discount depending on loan amount. This offer is available subject to the following:

Closing Cost Discount: The closing cost discount may be applied to the purchase mortgage at closing. It is available for conforming (loans up to $806,500) secured by 1-4 unit homes used as primary residences, second homes, or investment properties.

3. Special offers are subject to change. This offer does not apply to any loan that will be used to purchase the subject property.

Variable Introductory Rate Offer Information

The variable introductory rate offer is available on new applications received from 2/1/2025 through 5/31/2025. The introductory rate is variable during the introductory period. No customer or other discounts are available during the variable rate introductory period. The 6-month introductory rate of 5.99% APR will change with Prime and is calculated by subtracting 1.51% from the then-current Prime Rate on a line of credit. The 6-month introductory is Prime minus 1.51% (5.99% APR) for 6 months. The 12-month introductory rate of 6.99% APR will change with Prime and is calculated by subtracting 0.51% from the then-current Prime Rate on a line of credit. The 12-month introductory rate is Prime minus 0.51% (6.99% APR) for 12 months. Rates are for illustrative purposes only and are subject to change without notice.

Variable Rate Information After Introductory

For a Home Equity Line of Credit, the annual percentage rate (APR) is a variable rate based on The Wall Street Journal® Prime Rate (7.50% on 12/19/2024) plus a margin that varies depending on the state in which property is located, individual credit qualifications, credit limit amount, loan to value ratio and other criteria. Rates shown are for first lien lines of credit of $100,000 secured by an owner occupied 1 to 4 family residence, in Illinois, with a loan-to-value (LTV) of 70% or less, and a FICO credit score of 780+, and includes a 0.25% Auto Pay discount. As of 12/19/2024, rates vary from 7.88% APR to 13.70% APR depending on property state, loan amount and other variables. Please consult a banker for pricing in your region. Your APR will never be lower than the floor rate in the credit agreement, or exceed 18.00% APR or the maximum APR permitted by law, whichever is less. To receive a 0.25% Auto Pay rate discount you must authorize BMO at origination to withdraw your home equity line of credit payment each month from an eligible BMO checking account (Auto Pay). The discount can only be applied to a new Home Equity Line of Credit.

4. Participation in BMO Flex Rewards is subject to terms and conditions found in BMO Flex Rewards Program Rules, available at: https://www.bmo.com/bmoflexrewardsconsumer. The Account must be current and in good standing to accrue and redeem points or cash back, as applicable. While points and cash back don’t expire, if the Account is closed for any reason, the Account will no longer be able to accrue points or cash back and all accrued points or cash back not redeemed will be available to redeem for 90 days as long as Account is closed in good standing. All cash back is redeemable in the form of a statement credit. The introductory rewards bonus is based on total net qualified purchases made in the first three months of account opening and rewards will be awarded to qualifying Accounts 3 - 4 weeks after the conclusion of the three month period. Information regarding rates and offers is subject to change. Please visit www.bmo.com/us/cards for the most up-to-date offers available.

5. The double cash back bonus is available to all approved Accounts, with applications received between May 1, 2025, and June 30, 2025. The double cash back bonus is based on total net qualified purchases posted to your Account in the first 12 months from the Account opening date. gas, EV charging and grocery purchases, the double cash back bonus is capped at $6,000 total net qualified purchases, posted to your account in the first 12 months from the Account opening date. This is a one-time cash back bonus, awarded to qualifying Accounts 3 to 4 weeks after the conclusion of the 12-month offer period. The Account must be open and in good standing for the bonus to be awarded.