The RBC Homeline Plan account is a smart, easy way to manage all your personal credit, from your mortgage to outstanding balances on loans and lines of credit.
Key Features and Benefits:
Manage your mortgage and personal credit under one plan
With the RBC Homeline Plan account, you have access to our Royal Credit Line® and Royal Bank® mortgages all in one plan, which you can designate for different needs, including home renovations, a new car, a vacation or your child's education.
Consolidate existing debt to save on interest charges
Transferring your balances from higher interest credit cards, loans and/or a mortgage to your RBC Homeline Plan account could free up hundreds of dollars in extra cash flow each month.
Split your mortgage between variable and fixed rates
The RBC Homeline Plan account allows you to split your mortgage and enjoy the advantages of both variable and fixed rates! The variable portion lets you take advantage of potential long-term savings, while the fixed rate portion protects you if rates rise.
Whether you're an existing homeowner with at least 20% equity in your home, or you are looking to buy a home and have a 20% down payment, the RBC Homeline Plan account could be the right solution for all your borrowing needs today and in the future.