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BMO offers a six-month, closed convertible mortgage that can be mortgages saw their rates increase at any time without incurring.
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BMO offers a six-month, closed convertible mortgage that can be mortgages saw their rates increase at any time without incurring.
Besides just your down payment and how your mortgage will be covered, other things to consider when purchasing an investment property are:. Open vs. The way you save money on interest by paying more frequently is because you are reducing your mortgage balance more often, rather than once per month. If you are looking to purchase a property in the US as a Canadian, a BMO cross border mortgage can make the process much easier with the ability to leverage your Canadian credit history.
