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Special mortgage offers
Take a step toward your new home with BMO. Get our 130-day‡ mortgage rate guarantee, expert advice and more.
Ready to get started?Get pre-qualified online
How much will your cash back be?
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FAQs
To qualify for our cash back mortgage offer, you must apply for a new BMO Mortgage, or switch your mortgage from another financial institution.†
A mortgage pre-qualification shows you how much you can potentially afford for a home, similar to a pre-approval but without a thorough review of your financial information. This is a great option if you’re just starting out on your homebuying journey. While this estimate is subject to change, you can lock in your mortgage rate for 130 days with your pre-qualification.‡‡ Simply answer a couple of questions online and get pre-qualified in just a minute.
A pre-approval basically says that a lender (like us) will loan you a certain amount of money at a certain rate so that you can afford to buy a home. There’s no fee, no commitment and you can get pre-approved online in minutes!
It’s a good idea to get pre-approved before you start looking for a home. A mortgage pre-approval will help you set your budget and your expectations by letting you know how much you can afford. It’ll also signal to real estate agents and sellers that you’re serious about buying a home and have the money to back it up.
Mortgage pre-qualification is your first step in determining how much you can potentially afford for a home. There’s no hard credit check required to get a general estimate and it’s based on information such as income, assets, and debt. Answer a few questions and get pre-qualified in just a minute.
Mortgage pre-approval tells you how much you can borrow based on a preliminary review of your credit report and the personal and financial information provided in your application for a pre-approved mortgage. Pre-approval remains subject to there being no material change to the information you provide, or the information disclosed in your credit report.
Whether you’re just starting out with a pre-qualification or you’re ready to apply for a pre-approval, shop for your next home with confidence. Lock in your mortgage rate for 130 days – the longest of any major Canadian bank. Kickstart your homebuying journey here.
Helpful mortgage resources
![](https://www.bmo.com/dist/images/personal/mortgages/mortgage-affordability-calculator-375x154.jpg)
Steps to buying a home![](/dist/icons/chevron-medium.svg)
Learn about each step of your home-buying journey, from calculating how much you can afford to managing your closing day.
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Mortgage Payment Calculator![](/dist/icons/chevron-medium.svg)
Calculate how much you'd spend each month to buy a new home or to renew or refinance your mortgage.
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Mortgage Affordability Calculator![](/dist/icons/chevron-medium.svg)
Find out how much home you can afford so you can start house hunting with confidence knowing what your price range is.
Ready to get started?
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