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Last Updated: 04/18/2025

BMO Bank Home Equity Loans

from BMO

Last Updated: 04/18/2025

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Highlights

Credit Score Range

Starting at 700

Amount Range

N/A

Maximum LTV

N/A

Loan Term (Years)

5 - 20

BMO Bank Home Equity Loans Review

BMO Bank Home Equity Loans is offered by BMO , a bank founded in 1882 and based in Chicago, IL. BMO Bank Home Equity Loans are available in 50 states and Washington, DC.

Key Takeaways

No primary residences considered. BMO Bank Home Equity Loans does not offer financing for primary homes.
No-closing-cost mortgages available. This option allows you to include the closing costs into the new loan, so you don't pay for these expenses upfront.
Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
Good credit required. You will need a credit score of at least 700 to qualify.

BMO Bank Home Equity Loans Pros & Cons

Pros

Cons

Available in all 50 states.

Charges an origination fee.
Only considers applicants with good credit.
Charges prepayment fees.
No co-sign option available.

BMO Bank Home Equity Loans FAQ

Typically, borrowers with good credit can qualify for up to 85 percent of the value of the property less the balance on their first mortgage.

Generally, the APRs of home equity loans do not include points and financing charges, just the interest rate.

What fees does BMO Bank Home Equity Loans charge for a home equity loan?

BMO Bank Home Equity Loans may charge a loan origination fee

Is BMO a legit company?

BMO was founded in 1882, it is a well-established company that has been in business for 144 years.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

320 S Canal St

Chicago, IL 60606

(888) 340-2265

Visit Site

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SuperMoney Net Recommendation Score

This product has no reviews yet. Help others by sharing your thoughts.

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.