TORONTO, ONTARIO--(Marketwire - March 8, 2012) - BMO Bank of Montreal today urged Canadian home buyers to get pre-approved financing by March 28 in order to take advantage of special rate offers.

By getting pre-approved, Canadians have the added time, flexibility and comfort to search for the home that is right for them.

"BMO offers two outstanding low-rate mortgages - each come with a shorter amortization which is helping Canadians become mortgage-free faster, pay less in total interest, protect themselves against the possibility of rising interest rates and help secure a debt-free retirement," said Katie Archdekin, Head of Mortgage Products, BMO Bank of Montreal. "By getting pre-approved in the next three weeks, Canadians can lock in for five years at 2.99 per cent or for 10 years at 3.99 per cent. By choosing a 25-year amortization, you can throw a mortgage burning party five years sooner than your friends and put more money towards post-secondary education expenses or retirement."

The BMO 10-year fixed low-rate mortgage will be available beginning March 11th, 2012.

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $538 billion as at January 31, 2012, and more than 47,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.

Publication Contributing Sources

• Market Wire