BMO amortizations

Lenders reducing average amortization lengths

Latest in mortgage news: OSFI head applauds lenders’ efforts to shorten amortization lengths

April 1, 2024 No Comments

OSFI says it is encouraged by the progress Canadian lenders have made in reducing amortization lengths of the mortgages within their portfolios.

Some mortgage clients could see up to 40% payment increases at renewal, BMO says

December 4, 2023 No Comments

Like most other financial institutions, BMO said the bulk of its mortgage portfolio will be up for renewal in the coming three years, with the payment increases averaging up to 40%.

BMO: 20% of variable-rate mortgage clients have increased payments

March 4, 2023 No Comments

Mortgage amortization periods continue to grow at BMO due to rising interest rates, but the bank said about a fifth of its variable-rate clients have preemptively increased payments.

BMO: No issues with mortgage renewals at this time

December 1, 2022 No Comments

The Bank of Montreal (BMO) is the latest of Canada’s big banks to confirm most of its mortgage clients haven’t yet experienced challenges with their

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BMO amortizations

Latest in mortgage news: OSFI head applauds lenders’ efforts to shorten amortization lengths

Some mortgage clients could see up to 40% payment increases at renewal, BMO says

BMO: 20% of variable-rate mortgage clients have increased payments

BMO: No issues with mortgage renewals at this time

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