BMO Introduces National Cash Incentive Program for First-Time Home Buyers
- Program eases home ownership costs for first-time buyers through a cash incentive - Offer coincides with B.C. government's new program for first-time home buyers
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 01/27/17 -- With the new B.C. Home Owner Mortgage and Equity Partnership (B.C. HOME Partnership) officially open to applicants - created to help first-time home buyers in the province with repayable assistance loans - BMO has announced a cash incentive program to complement the program on a national scale. It provides up to $1,000 to eligible first-time buyers who meet the following requirements:
"The introduction of this offer is timely considering the program the B.C. government has put into effect to assist with the costs associated with home ownership," said Michael Bonner, Senior Vice President and Regional Head, B.C. & Yukon Division, BMO Financial Group. "We are committed to helping our customers meet their home ownership dreams. While the provincial government''s offer is exclusive to B.C., our hope is to support all Canadians who come to us for this important milestone and investment."
The cash incentive is determined by the applicants'' mortgage amount. A mortgage valued between $100,000 and $249,999 entitles an applicant to $500; while one over $250,000 allows for a $1,000 cash incentive.
Under the B.C. government''s program, participants will receive a match of up to five per cent of the purchase price for personal down payments, to a maximum of $37,500. The combined amount of a personal down payment, plus the partnership loan, must still meet the minimum requirement for an insured first mortgage loan.
Mr. Bonner added that BMO offers financial advice and support to home buyers - first-time or experienced - throughout the entire home buying journey.
For more information on the BMO first-time home buyer welcome cash offer, please visit .
About BMO Financial Group
Established in 1817, and currently marking its 200th year of operations, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of $688 billion as of October 31, 2016, and more than 45,000 employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets.
Contacts:
Michelle Agnelo, Toronto
(416) 867-3996
Valerie Doucet, Montreal
(514) 877-8224
Web:
Twitter: (at)BMOmedia
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 27.01.2017 - 09:14 Uhr
Sprache: Deutsch
News-ID 1483089
Anzahl Zeichen: 1984
contact information:
Contact person:
Town:
TORONTO, ONTARIO
Phone:
Kategorie:
Commercial & Investment Banking
Typ of Press Release:
type of sending:
Date of sending:
Anmerkungen:
Diese Pressemitteilung wurde bisher 356 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"BMO Introduces National Cash Incentive Program for First-Time Home Buyers
"
steht unter der journalistisch-redaktionellen Verantwortung von
BMO Bank of Montreal and BMO 200 Financial Group (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
