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.
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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.
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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.
Conclusion
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.