Line of Credit

Line of Credit: prime rate, base rate, variable rate

Friday, August 14, 2009
By Ryan A. Smith
2 Comments
Line of Credit: prime rate, base rate, variable rate

Recently, I went to Bank of Montreal to apply a line of credit. I thought the prime rate was pretty low currently at 2.25%, so perhaps it would be a good time to apply for LOC. However, I was wrong. When I got the reply from BMO, the financial officer told me that if I... »

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