Unless you own your home lock, stock and barrel, you'll have to discharge, or settle, your current mortgage when you sell. Usually, you'll have three options:
Whether you plan to sell your home in a few months or a few years, your financing choice can depend on several factors, including:
If you're thinking of selling and your mortgage is up for renewal before then, discuss your intentions with your mortgage lender. There are many mortgage options that you can select today to give you the flexibility you'll need later on.
Lock your rate and know exactly how much home you can afford. Start your pre-approval online and an RBC® mortgage specialist will be in touch within 24 hours to help you complete your pre-approval application.