Interest Rate Protection
Protect yourself from interest rate increases with interest rate protection.
30-day Interest Rate Protection
This valuable feature helps you save without stress at renewal time.
When you renew at maturity your RBC Royal Bank mortgage, you are guaranteed our lowest interest rate for the term you select during the 30-day period prior to your renewal date. We make your renewal straightforward and convenient. About three weeks before your renewal, you'll receive a renewal form in the mail detailing your payment options with your 30-day rate guarantee. If rates go down before your renewal, you get the benefit of the new, lower rates for the term you selected.
90 day Interest Rate Protection
It works like 30-day Interest Rate Protection, but with a longer time frame.
When you apply for a new RBC Royal Bank fixed rate mortgage, we'll honour the quoted rate for up to 90 days even if rates go up during that period.
If rates go down between the date your mortgage is approved and the expiry date of the rate commitment period, you'll automatically get the lowest rate in effect for the term you selected1.
1 Excludes Builder Mortgages and Variable Rate Mortgages.
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Whatever home buying stage you're in, we can offer you real savings and sound advice. Contact a mortgage specialist today! |
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