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BMO Homeowner ReadiLine

Bank of Montreal's Homeowner ReadiLine allows the equity in your home to be available to be accessed when you want or need it, for purchase a second property or a new car, take that dream vacation, send your kids to college or simply to take advantage of an opportunity as it comes up.

With Homeowner ReadiLine, you can set up an account that allows you to access up to 80% of the value of your home. As you pay off your mortgage, your equity becomes automatically available to be accessed through Homeowner ReadiLine.

To open a Homeowner ReadiLine account you need a 20% down payment if you are purchasing a home or need to have at least 20% equity in your existing home. You can also earn AIRMILES reward miles each month with this product. You can use bank card, master card, or plain old cheques to access funds from Readiline.

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