Harris Bank Mortgage is a financial institution that provides mortgage loans to homebuyers. The bank offers a variety of mortgage products, including fixed-rate and adjustable-rate mortgages. Harris Bank Mortgage also provides refinancing options for homeowners who want to lower their monthly payments or shorten the term of their mortgage.
One of the advantages of working with Harris Bank Mortgage is that the bank has a team of experienced loan officers who can help homebuyers navigate the mortgage process. The bank also offers online tools that allow homebuyers to calculate their monthly payments, estimate closing costs, and compare different mortgage products. Additionally, Harris Bank Mortgage provides personalized service to its customers, ensuring that each borrower is matched with a mortgage product that meets their unique needs.
Overall, Harris Bank Mortgage is a reputable financial institution that offers a variety of mortgage products and services to homebuyers. Whether you are a first-time homebuyer or a seasoned homeowner, Harris Bank Mortgage can help you find the right mortgage product for your needs.
Overview
Harris Bank Mortgage is a division of BMO Harris Bank, which is a subsidiary of Bank of Montreal. The bank has been in operation since 1882, and it offers a range of mortgage products to help people buy homes or refinance their existing mortgages.
What is Harris Bank Mortgage?
Harris Bank Mortgage is a division of BMO Harris Bank that offers a range of mortgage products to help people buy homes or refinance their existing mortgages. The bank has a team of experienced mortgage bankers who can help customers find the right mortgage product for their needs.
Harris Bank Mortgage offers a variety of mortgage products, including fixed-rate mortgages, adjustable-rate mortgages, FHA loans, VA loans, jumbo loans, and more. The bank also offers home equity loans and home equity lines of credit.
Types of Harris Bank Mortgages
Harris Bank Mortgage offers a variety of mortgage products to help people buy homes or refinance their existing mortgages. Here are some of the types of mortgages that the bank offers:
- Fixed-Rate Mortgages: With a fixed-rate mortgage, the interest rate stays the same for the life of the loan. This can be a good option for people who want a predictable monthly payment.
- Adjustable-Rate Mortgages: With an adjustable-rate mortgage, the interest rate can change over time. This can be a good option for people who want a lower initial interest rate.
- FHA Loans: FHA loans are backed by the Federal Housing Administration and are designed to help people with lower credit scores or smaller down payments buy homes.
- VA Loans: VA loans are backed by the Department of Veterans Affairs and are designed to help veterans and active-duty military members buy homes.
- Jumbo Loans: Jumbo loans are designed for people who want to buy homes that exceed the conforming loan limits set by Fannie Mae and Freddie Mac.
In conclusion, Harris Bank Mortgage is a division of BMO Harris Bank that offers a range of mortgage products to help people buy homes or refinance their existing mortgages. The bank has a team of experienced mortgage bankers who can help customers find the right mortgage product for their needs.
Application Process
Applying for a Harris Bank mortgage is a straightforward process that involves a few key steps. In this section, we will guide you through the process of applying for a mortgage with Harris Bank.
Pre-Approval
Before submitting a mortgage application, it is recommended to get pre-approved. Pre-approval is a process that involves a lender reviewing your financial situation to determine how much you can afford to borrow and what type of loan is best for you. Harris Bank offers a pre-approval process that can be completed online or in-person.
To get pre-approved, applicants will need to provide information about their income, employment history, credit score, and other financial details. Once pre-approved, applicants will receive a pre-approval letter that they can use when house hunting.
Submitting an Application
Once you have found a home and are ready to apply for a mortgage, you can submit an application online or in-person at a Harris Bank branch. The application process typically takes 30-45 days to complete.
During the application process, you will need to provide detailed information about your income, employment history, credit score, and other financial details. You will also need to provide information about the property you are purchasing, including the purchase price, address, and other details.
Required Documents
To complete the application process, Harris Bank will require applicants to provide several documents, including:
- Proof of income, such as pay stubs, W-2 forms, and tax returns
- Proof of employment, such as a letter from your employer
- Bank statements and other financial documents
- Proof of identity, such as a driver’s license or passport
- Purchase contract or sales agreement for the property
Harris Bank may also require additional documentation, depending on the applicant’s financial situation and the type of loan they are applying for.
Overall, the application process for a Harris Bank mortgage is designed to be simple and straightforward. By getting pre-approved, submitting a complete application, and providing all required documentation, applicants can increase their chances of getting approved for a mortgage with Harris Bank.
Loan Terms and Rates
When it comes to Harris Bank mortgage loans, borrowers have access to a variety of loan terms and rates. This section will explore the different options available to borrowers, including interest rates, loan terms and conditions, and fees and charges.
Interest Rates
Harris Bank offers both fixed and adjustable-rate mortgages. Fixed-rate mortgages provide borrowers with a stable interest rate over the life of the loan, while adjustable-rate mortgages offer a lower initial interest rate that can change over time. Borrowers can choose from a variety of terms, including 10, 15, 20, and 30-year mortgages.
Loan Terms and Conditions
Harris Bank’s mortgage loans come with a variety of terms and conditions. For example, borrowers can choose from a variety of loan-to-value ratios, which determine the amount of the loan compared to the value of the property. Additionally, borrowers can choose from a variety of payment options, including bi-weekly payments and automatic payments.
Fees and Charges
Like most mortgage lenders, Harris Bank charges a variety of fees and charges associated with its mortgage loans. These fees can include origination fees, appraisal fees, and closing costs. It is important for borrowers to carefully review these fees and charges before agreeing to a loan, as they can significantly impact the overall cost of the loan.
Overall, Harris Bank offers a variety of loan terms and rates to meet the needs of a wide range of borrowers. Whether you are looking for a fixed-rate mortgage or an adjustable-rate mortgage, Harris Bank has options to fit your needs.
Customer Service
Harris Bank Mortgage is known for its exceptional customer service. The bank offers multiple channels for customers to get in touch with its representatives. In this section, we will discuss the various ways customers can contact Harris Bank Mortgage, the online account management tools available to them, and how to address complaints and disputes.
Contact Information
Customers can contact Harris Bank Mortgage through phone, email, or by visiting a branch in person. The bank’s customer service representatives are available to assist customers with their queries and concerns. The contact information for Harris Bank Mortgage is as follows:
| Contact Method | Information |
|---|---|
| Phone | 1-800-555-1212 |
| customer.service@harrisbank.com | |
| Branch | Find a branch near you on the bank’s website |
Online Account Management
Harris Bank Mortgage offers a user-friendly online platform for its customers to manage their accounts. Customers can use the platform to view their mortgage statements, make payments, and access other account information. The online platform also allows customers to set up automatic payments, view their payment history, and request payoff statements. To access the online platform, customers need to create an account on the bank’s website.
Complaints and Disputes
In case of any complaints or disputes, customers can contact Harris Bank Mortgage’s customer service department. The bank has a dedicated team to handle customer complaints and disputes. Customers can reach out to the team through phone, email, or by visiting a branch in person. The bank’s customer service representatives will work with the customers to resolve their issues in a timely and efficient manner.
Overall, Harris Bank Mortgage is committed to providing its customers with exceptional customer service. The bank offers multiple channels for customers to contact its representatives, a user-friendly online platform for account management, and a dedicated team to address complaints and disputes.
Frequently Asked Questions
How do I log in to my BMO Harris mortgage account?
To log in to your BMO Harris mortgage account, you can visit their website at bmoharris.com and click on the “Login” button located in the top right corner of the page. From there, you can select “Mortgage” from the drop-down menu and enter your username and password.
What is the phone number for BMO Harris Bank mortgage customer service?
If you need to contact BMO Harris Bank mortgage customer service, you can call them at 1-888-482-3781. They are available Monday through Friday from 8:30 am to 9:00 pm ET and on Saturdays from 9:00 am to 4:00 pm ET.
What is the mortgagee clause for BMO Harris Bank?
The mortgagee clause for BMO Harris Bank is as follows:
BMO Harris Bank N.A. Its Successors and/or Assigns 111 W. Monroe St. Chicago, IL 60603
How do I make a mortgage payment online with BMO Harris?
To make a mortgage payment online with BMO Harris, you can log in to your account and select “Payments” from the menu. From there, you can choose to make a one-time payment or set up recurring payments.
Does BMO Harris offer FHA loans?
Yes, BMO Harris offers FHA loans. These loans are insured by the Federal Housing Administration and can be a good option for first-time homebuyers or those with lower credit scores.
Who acquired Harris Bank?
In 1984, Bank of Montreal (BMO) acquired Harris Bank and it became known as BMO Harris Bank. Today, BMO Harris Bank is a subsidiary of BMO Financial Group and operates in the United States.
