Mortgage Application Process: 5 Costly Homebuyer Mistakes | BMO Harris
 
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A small mistake could have big consequences when applying for a mortgage. Here are 5 common homebuyer mistakes — and how to avoid them.

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  1. Special offers are subject to change without notice. Closing cost discount of $100 on a new BMO Harris mortgage loan with Auto Pay from your BMO Harris Smart Money™ Account, BMO Harris Smart Advantage™ Account or BMO Harris Select Checking® account. The monthly maintenance fee for BMO Harris Smart Money™ Account is $5, BMO Harris Smart Advantage™ Account is $0, and BMO Harris Select Checking® is $15. Closing cost discount of $200 on a new BMO Harris mortgage loan with Auto Pay from your BMO Harris Premier™ Account or BMO Harris Portfolio Checking® account. The monthly maintenance fee for BMO Harris Premier™ Account is $30 and BMO Harris Portfolio Checking® is $25. FHA loans do not require Auto Pay to receive this discount. Mortgage closing cost discount can only be applied to the purchase or refinance of a primary residence and does not apply to Refi-Xpress loans, home equity loans, interim, lot and recreational land loans. Auto Pay means periodic scheduled payments automatically deducted from your BMO Harris checking account, as applicable, to pay the loan. When you sign up for Auto Pay, you authorize the Bank to draw your account for all amounts then due, including any late fees and any other charges. Checking account opening subject to bank approval.
  2. BMO Harris Bank offers affordable mortgage programs and works with various government and community organizations that offer down payment and closing cost assistance. Affordable mortgage programs may be subject to income limitations and other application restrictions. The amount of down payment, refinancing, and closing cost assistance available varies based on income and property location.