Dont get excited about BMO’s 2.99% mortgage again.

BMO is bringing back the 2.99% mortgage again. Don’t get worked up about it. It is just as super-restricted as it was before, 25 year am max and there is a Due on Sale clause causing a need for a payout – which could be literally thousands in penalties.

This mortgage does not fit for most people.

We can get you a full-featured product for the same rate without the crazy risky down side.

business.financialpost.com/2012/03/07/mortgage-wars-round-2-bmo-slashes-rate/