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 withdraw 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 $2,500*.
• 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 rate**.

More Information

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

*Some conditions apply. There may be a limit on the amount of funds you can re-borrow.
** Blended interest rates are calculated half-yearly, not in advance.