Financial Literacy Month-BMO's Tip of the Day: Choose a Shorter Amortization
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 11/02/11 -- BMO Bank of Montreal is releasing a series of financial tips throughout November to celebrate Financial Literacy Month in Canada. As part of Making Money Make Sense and BMO SmartSteps, the tips are designed to help individuals and families save and manage their day to day finances more effectively.
BMO's Tip of the Day: Become mortgage-free faster by choosing a shorter amortization.
"BMO has developed products, such as the low rate mortgage with a maximum 25-year amortization, that we believe are directly relevant to today's environment and specifically designed to help Canadian consumers manage their debt. The lower amortization can significantly reduce the amount of interest paid over the life of the mortgage," said Katie Archdekin, head of Mortgage Products, BMO Bank of Montreal.
BMO Financial Literacy Month Tips
November 1: Pay more than the minimum payment on a credit card balance.
For more on financial literacy, BMO encourages Canadians to visit and http://www.bmo.com/home/about/banking/corporate-responsibility/financial-literacy?nav=left.
Contacts:
Matthew Duffin, Toronto
416-867-3996
Sarah Bensadoun, Montreal
514-877-1101
Laurie Grant, Vancouver
604-665-7596
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Datum: 02.11.2011 - 09:28 Uhr
Sprache: Deutsch
News-ID 1052628
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