BMO Bank Mortgage Rates
BMO Bank mortgage products accessible with Xperto
With the help of Xperto, explore the following options:
Purchase of a Property - Rental Building
Mortgage Renewal
Refinancing (releasing equity)
Self-employed loan
MargExpress (HELOC + mortgage)
Mortgage loan insurance (life, disability, etc.)
Solutions for everything.
Why go through Xperto instead of directly through BMO Bank?
Simple - Fast - Effective
Steps for a mortgage pre-approval with BMO
First Step
Analysis of your situation by Xperto.
Second Step
File preparation and submission to BMO.
Third Step
Rate held for up to 130 days.
Fourth Step
Access to your borrowing capacity (useful for making a purchase offer).
Our Advantages
Why go through Xperto instead of directly through BMO?
No pressure.
Free Service
One for all.
Time saving.
BMO Mortgage Rate Examples (2025)
| Term | BMO Posted Rate | Rate Negotiated with Xperto |
|---|---|---|
| 5-year Fixed Rate | 5.39 % | up to 4.99 % |
| 5-year Variable Rate | 6.25 % | up to 5.85 % |
| 3-year Fixed Rate | 5.29 % | up to 5.05 % |
*Rates may vary based on your file. Contact us for a personalized simulation.
Each has its own advantage.
Fixed rate or variable rate
What to choose with BMO Bank?
Our brokers guide you according to your priorities.
Fixed rate
Variable rate
We guide you every step of the way.
Documents required to start an application.
All these papers can be intimidating… but not with us.
With Xperto, each step is explained, simplified, and most importantly, handled with you.
Piece of identification.
Proof of income (pay stub or tax returns).
Bank statements / down payment.
Down payment (bank statements).
Debt summary (if applicable).
Leases (if it's an income property).
What our clients say.
Professional, devoted and always here for you, this is in breef my experience with Xperto Mr.Antoine feghali and Mme Bahaa Bou Aboud, keep up the good work guys!
Great collaboration with Domenico. My case wasn’t the easiest, but Domenico was able to find a solution! My family and I thank you again for allowing us to purchase our duplex! 100% recommended!
I would like to express my great satisfaction with our Mortgage Broker, Antoine Geha. He offered us the best mortgage options tailored to our situation. I truly appreciate his clear and transparent communication throughout the process, his negotiation skills, and his follow-up even after the closing of our purchase. In summary, I highly recommend Antoine Geha and the Xperto mortgage firm.
FAQ BMO Bank
No, except for exceptions. BMO uses the rate differential method to calculate the penalty.
It is a line of credit linked to your mortgage, which gives you access to your home’s equity at the prime rate.
Yes, but additional tax documents are required. We help you gather them.
Yes, via BMO Harris Bank. We guide you through the cross-border process.
A fixed rate ensures you complete stability: your monthly payments do not change for the entire duration of the term. At BMO, you can also lock in your rate up to 130 days before the closing date, which is advantageous in a context of rising rates.
It’s a product that combines flexibility and security. You start with a variable rate, but can switch to a fixed rate at any time, without penalty. Useful if you want to take advantage of a low rate while keeping a way out.
No. Like most major Canadian banks, BMO uses the rate differential method (IRD) to calculate the penalty. This can be significant depending on when you break the contract. We help you estimate it before any decision.
It’s a combination of a line of credit and a mortgage. It allows you to access up to 80% of your home’s equity, with flexible payments. Ideal for financing renovations, consolidating debts, or investing.
In addition to standard documents, BMO generally requires:
- Tax returns for the last 2 years
- Notice of assessment
Financial statements or statements of business activities
We help you prepare a solid file.
Yes, via BMO Harris Bank, the American subsidiary of BMO. You must already be a BMO customer in Canada. Conditions vary depending on the property, but Xperto can guide you through this cross-border process.
The BMO prime rate is the base used to calculate several products, including variable rates, lines of credit, and cards. A BMO variable rate will be formulated, for example, as “prime rate – 0.5%”.