Harris Bank Mortgage, a part of BMO Harris Bank, is a trusted financial institution that offers a range of mortgage products and services to its customers. With a history dating back to 1882, BMO Harris Bank is the eighth-largest bank in North America by assets and has over 500 branches across various states. This article will provide an in-depth look at Harris Bank Mortgage, including how to pay BMO and every detail you need to know about their mortgage products and services.
Mortgage Products Offered by BMO Harris Bank
BMO Harris Bank offers various mortgage products, including:
- Fixed-Rate Mortgage: This mortgage option provides a fixed interest rate throughout the loan term, ensuring consistent monthly principal and interest payments.
- Adjustable Rate Mortgage (ARM): With an ARM, the interest rate may change over time, depending on market conditions.
- Low Down Payment Mortgages: These mortgage options are designed for borrowers who may not have a large down payment available.
- Jumbo Mortgages: These mortgages are for loan amounts exceeding the conforming loan limits set by Fannie Mae and Freddie Mac.
- Cross-Border Mortgage Program: This program is designed for Canadian citizens looking to purchase a property in the United States.
How to Pay Your BMO Harris Bank Mortgage
There are several ways to make mortgage payments with BMO Harris Bank:
- Automatic Payment: You can set up automatic payments from your BMO checking account to ensure your mortgage payments are made on time.
- One-Time Payment: You can make a one-time payment online through BMO Harris Bank’s digital banking platform.
- Phone Payment: You can call BMO Harris Bank’s customer service at 1-877-435-7330 to make a payment over the phone.
- In-Person Payment: You can visit a local BMO Harris Bank branch to make your mortgage payment in person.
People Also Ask
Q: What is the minimum credit score required for a BMO Harris Bank home equity loan?
A: The minimum credit score required for a BMO Harris Bank home equity loan is 700, while for a home equity line of credit (HELOC), it is 650.
Q: Are there any special offers for BMO Harris Bank mortgages?
A: Yes, BMO Harris Bank offers a closing cost discount of up to $1,500 and an additional $500 discount when you set up Auto Pay from an eligible BMO checking account.
Q: What is the difference between a fixed-rate mortgage and a variable-rate mortgage?
A: With a fixed-rate mortgage, the interest rate remains the same throughout the loan term, ensuring consistent monthly principal and interest payments. On the other hand, a variable-rate mortgage has an interest rate that may change over time, depending on market conditions.
BMO Harris Bank offers a range of mortgage products and services to cater to the diverse needs of its customers. With competitive rates, flexible payment options, and a strong commitment to customer service, BMO Harris Bank is a reliable choice for your mortgage needs. Be sure to explore their mortgage options and choose the one that best suits your financial situation and goals.