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BMO

BMO OFFER $1000 cash for first time home buyers.

17 replies
Sr. Member
Dec 27, 2007
725 posts
573 upvotes
Exclusions:

1. The following customers are not eligible for the offers:

Customers who have an existing mortgage with BMO
Customers who are transferring a mortgage from another financial institution
Customers who have previously held a mortgage
Employees of Bank of Montreal and those with whom such employees are domiciled
Customers who receive non-standard pricing or have appraisal, title insurance, or legal fees reversed will not be eligible for the cash offer
Why bother applying if you can't transfer your mortgage over?
And "non-standard pricing" as in specially-negotiated rate?

Basically BMO is fishing for first-time clueless virgins that it can fleece with posted rates?
Last edited by kkostadinof on Jan 24th, 2017 7:20 pm, edited 1 time in total.
Deal Addict
User avatar
Jun 10, 2011
4485 posts
2119 upvotes
lol at the self advertising
lol at the poor rates.. no deals here, move along!
Deal Expert
User avatar
Feb 8, 2014
32149 posts
15427 upvotes
Socially Distanced
ibtl Face With Tears Of Joy
In fact in Rand McNally they wear hats on their feet and hamburgers eat people
Deal Addict
Dec 28, 2010
1651 posts
1187 upvotes
Canada
How it works

Step 1:

Apply for, and be approved and advanced a new BMO fixed or variable rate mortgage with a closed term of 4 years or longer and a maximum 25 year amortization period on or after January 16, 20171:

Get $500 with a mortgage valued between $100,000 - $249,999
Get $1,000 with a mortgage valued at over $250,000
The mortgage must require mortgage default insurance and the default insurance must have been obtained

Step 2:

Make your mortgage payments from a BMO chequing account that has a Practical, Plus, Performance, AIR MILES®† or Premium Plan1:

If you already have a BMO chequing account and a Practical, Plus, Performance, AIR MILES or Premium Plan, you’re ready to go.
If you don’t yet have a BMO chequing account and a Practical, Plus, Performance, AIR MILES or Premium Plan, open one to get started.
Deal Expert
User avatar
Feb 8, 2014
32149 posts
15427 upvotes
Socially Distanced
fujiapplelover wrote: How it works

Step 1:

Apply for, and be approved and advanced a new BMO fixed or variable rate mortgage with a closed term of 4 years or longer and a maximum 25 year amortization period on or after January 16, 20171:

Get $500 with a mortgage valued between $100,000 - $249,999
Get $1,000 with a mortgage valued at over $250,000
The mortgage must require mortgage default insurance and the default insurance must have been obtained

Step 2:

Make your mortgage payments from a BMO chequing account that has a Practical, Plus, Performance, AIR MILES®† or Premium Plan1:

If you already have a BMO chequing account and a Practical, Plus, Performance, AIR MILES or Premium Plan, you’re ready to go.
If you don’t yet have a BMO chequing account and a Practical, Plus, Performance, AIR MILES or Premium Plan, open one to get started.
I've had bad experiences with BMO that they "could not" solve and was beyond belief, so not a chance i would try opening another account with them.
In fact in Rand McNally they wear hats on their feet and hamburgers eat people
Deal Addict
Dec 22, 2008
2162 posts
965 upvotes
Victoria
Cold deal...way better off in the end financially by going to a mortgage broker.
Deal Addict
Nov 13, 2006
1377 posts
1186 upvotes
*sits down with popcorn*

This will be fun...
Sr. Member
Sep 21, 2009
517 posts
261 upvotes
- self promo ✔
- bad deal ✔

*steals asifnana's popcorn*
<blank>
Sr. Member
Mar 7, 2011
675 posts
472 upvotes
Winnipeg
I encourage everyone to take some free time out of their day to continuously hammer the provided contact number for the next few weeks during business hours at the very least. Props if you know how to automate it ;). Fill up VM with long trolling messages seeming legit and so on.

Also contact the head branch and ask to file a complaint.

Karma is the least we can do in situations like this.
Deal Guru
User avatar
Aug 20, 2012
13879 posts
3290 upvotes
Pacific Ocean
Is BMO living in the 1830's?? Do they realize the average housing price in TO is like 800k+?? Vancouver is just as bad. Dumbest offer ever... How about offering a 1% discount in interest rate first yr or 2 or something. That helps new home buyers not a lame $1000 bucks which wont even make a dent in property taxes these days.
Last edited by aznnorth on Jan 24th, 2017 7:53 pm, edited 1 time in total.
If the glove don't fit you must acquit! #WINNING
Deal Addict
User avatar
Feb 28, 2005
3167 posts
1209 upvotes
Montreal
reported
Client at: Tangerine, VoIP.ms, Virgin Mobile
Deal Expert
User avatar
Feb 8, 2014
32149 posts
15427 upvotes
Socially Distanced
marc_t wrote: reported
But why, i was enjoying my popcorn
In fact in Rand McNally they wear hats on their feet and hamburgers eat people
Deal Addict
User avatar
Feb 28, 2005
3167 posts
1209 upvotes
Montreal
Quentin5 wrote: But why, i was enjoying my popcorn
lol
sorry then, I take it back :)
Client at: Tangerine, VoIP.ms, Virgin Mobile
Deal Addict
User avatar
Aug 31, 2009
1235 posts
30314 upvotes
Can this thread reach 100 downvotes before deletion? Let's see.

*sits back and enjoys a cold beer*
Newbie
Mar 9, 2015
26 posts
1 upvote
London
I love all you fellas.. Me too enjoys pop corn n beer... Rofl.
Sr. Member
User avatar
Dec 21, 2009
578 posts
154 upvotes
Toronto
Could we actually afford any house right now?

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