Mortgage Cash Account

When you use your prepayment privileges with a BMO Bank of Montreal mortgage, your principal prepayments build a borrowing reserve called a Mortgage Cash Account.

How it Works

• You can withdraw¹ prepaid funds by re-borrowing them, at any time, without charge or the inconvenience of a new mortgage application.
• Withdrawals are available in amounts starting from $2,500².
• Re-borrowed funds are simply added to your mortgage principal at the current posted interest rate for the remaining term and blended with your existing rate³.

More Information

• Call 1 800 665-9665.
• Visit the nearest BMO Bank of Montreal branch and ask to speak with a mortgage representative.

¹ Mortgage Cash Account is not available with the low-rate fixed closed mortgage.
² Some conditions apply. There may be a limit on the amount of funds you can re-borrow.
³ Blended interest rates are calculated half-yearly, not in advance.