Your mortgage prequalification is a great first step of your home buying journey. It provides you with an accurate estimate of how much you may be able to afford so you can set a realistic price range as you shop for a home. It is not a mortgage approval or pre-approval.
With the RBC True House Affordability tool, getting your mortgage prequalification1 is easy, fast and accurate. Now you can understand how much home you may be able to afford in 60 seconds.
The benefits of using the tool:
- Easy — Get prequalified online — anytime, anywhere.
- Fast — Enter just a few pieces of information and receive your prequalified mortgage amount instantly.
- Accurate — It's personalized based on your credit rating and the information you provide such as your income and down payment amount.
When you complete your prequalification, you will be connected with an RBC mortgage specialist who will provide expert advice and guidance through the next step of your journey - getting a mortgage pre-approval.
Personal lending products and residential mortgages are offered by Royal Bank of Canada and are subject to its standard lending criteria.