Cash back Mortgage

Buying a new home can feel overwhelming. There are all kinds of costs you need to consider. Wondering how you're going to pay for all of these? RBC's cash back mortgage can help you with land transfer tax, lawyer's fees, moving costs, closing costs and other expenses.

Rate(s) Term(s) Down Payment A variety of rates and terms available1. Min. 5% Perfect for First Time Home Buyers The Benefits Receive cash back that can be used for other expenses

Just How Much Cash Can You Get?

For illustration purposes, the following chart shows you how much you can get based on different cash back levels:

Available on a Variety of Terms

Cash back is available on fixed rate closed term mortgages with terms of 1 to 10 years and on the 5 year variable closed term mortgage. And the amount of money you receive is based on the size and term of your mortgage - up to 7% of its value.

When Do You Get Your Payment?

Your cash back is paid on the date your mortgage is advanced - just in time to help you cover immediate expenses, expected or otherwise. The money received from the cash back option is yours to keep so long as the mortgage is held to the end of its negotiated term.

Mortgage Features

We have many mortgage options designed to help save interest costs and meet your personal financial requirements.

• Pay Down Your Mortgage Faster. Reduce the number of years it takes to pay off your mortgage and enjoy substantial savings by Increasing Your Monthly Payments, Making Double-Up^® Payments, Accelerating Your Payment Schedule, Making Principal Prepayments and more!
• Flexible Payment Options. You'll enjoy the comfort of knowing you're protected with our Interest Rate Protection, Skip-A-Payment^®, and our Mortgage Add-On feature.

We're Committed to You

Whether you're buying a new home, renewing, or transferring your mortgage, we can offer you real savings and real choice. Contact a mortgage specialist today!

						Get Pre-Approved Lock your rate, and know exactly how much home you can afford.
							Start your Pre-Approval online		Talk to a Mortgage Specialist		Call now - 1 877 769-2570

¹Mortgage must have either a fixed closed term of 1 to 10 years or a 5 year variable closed term. Not available for any other mortgage term. Mortgage must be a first ranking residential mortgage. Maximum allowable cash back amount $20,000. Other conditions apply.

Cash back is paid on the date the mortgage is advanced. If the mortgage is not advanced, no cash back will be paid. If you choose to break your mortgage commitment for any reason prior to maturity, you will be charged the cash back amount pertaining to the remaining term of the mortgage.

Subject to Royal Bank of Canada lending criteria for residential properties. Offer may be changed, withdrawn or extended at any time, without notice.