RBC Self-Employed Mortgage™

Mortgage Financing for the Self-Employed

Are you self-employed and finding it difficult to arrange competitively priced mortgage financing for your home?

At RBC Royal Bank, things just got a whole lot easier! We believe that financing your new home or leveraging the equity in your existing home should be easy.

Special Offers Term(s) Down Payment 5.29%1 6 month Min. 5% 5.98%2 4 Year 6.14%3 5 Year Perfect for Business Owners, Self Employed, 100% Commissioned Salespeople The Benefits Finance up to 95%* of the value of your home.

Our Self-Employed mortgage option allows clients with good credit history and who have been in business for more than two years to borrow up to 95%* of the appraised value of their home.

Business financial statements or T1 General forms are not required to verify your income - your Business License or Articles of Incorporation and most recent Notice of Assessment may suffice to support your application. Contact us for a complete list of other documents that can be used.

Taking advantage of RBC's Self-Employed mortgage option means you'll receive competitive mortgage rates for all your needs:

• Purchasing a Home
• Leveraging the equity in your existing property to:
  
  
  • Renovate or do home improvements
  • Lower monthly payments through debt consolidation
  • Finance your other personal needs

Whether you need to borrow a little or a lot, we have an option that can be customized to suit your situation. For financing up to 65% of the value of your home, there are no additional fees or insurance premiums! Default insurance may be required for financing between 65% and 75%. Financing between 75% and 95% is made possible with default insurance.

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.

						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

Interest rate compounded half-yearly, not in advance. Interest rates are subject to change without notice at any time. Rates shown for the applicable term are Royal Bank of Canada's special discounted rates and are not its posted rates. To calculate a rate discount compare the rate noted above against the posted rate located at http://www.rbcroyalbank.com/products/mortgages/view_rates.html. Offer may be changed, withdrawn or extended at any time, without notice.

The annual percentage rate (APR) is based on a $100,000 mortgage for the applicable term assuming certain cost of borrowing charges (for example, appraisal fees). If there are no cost of borrowing charges, the APR and the interest rate will be the same.

1. APR 5.62%. Offer expires December 31, 2008.

2. APR 6.02%. Offer expires December 31, 2008.

3. APR 6.17%. Offer expires December 31, 2008.

For mortgages approved on or before December 31, 2008 funds must be advanced within 90 days of date of application in order to qualify for the Special Offer rate. Offer may be changed, withdrawn or extended at any time, without notice.

* For financing less than 65%, no default insurance is required. Default insurance may be required for financing between 65% and 75%. Default insurance is required for financing of 75% to 95%. Default insurance premiums apply. Subject to Royal Bank of Canada lending criteria for residential properties. Some additional conditions apply.