First-time Home Buyer? Arranging Your RBC Royal Bank Mortgage Is Easier Than You Think!

As a first-time home buyer, you probably have many questions. That's why RBC Royal Bank offers step-by-step personal assistance from knowledgeable mortgage specialists and an easy online application process.

We'll be by your side each step of the way, from helping you understand your options and what to expect, to mortgage pre-approval, and all the way through finalizing your mortgage and the purchase of your home.

Why Getting Pre-Approved is so Important

One of the first steps in buying your home is obtaining a pre-approved mortgage. With a pre-approved mortgage you will:

• Know how much you can afford and what your payments will be
• Lock in your interest rate at today's rate (or lower if rates drop), guaranteed for 120 days⁽¹⁾
• Demonstrate to vendors and their agents that you are a serious buyer, which can help when negotiating your purchase

To begin your pre-approval, click on the link below and complete this short form. A mortgage specialist will be in touch with you within 24 hrs to complete an application for a RBC mortgage pre-approval.

Start your Pre-Approval online

Understanding Mortgage Basics

Need some extra guidance on mortgage basics before starting the process? The following topics can help you make a well-informed decision:

• Mortgage Down Payment Options
• Closing Costs
• Closed, Open and Convertible Mortgages
• Variable and Fixed Rate Mortgages
• Mortgage Rates
• Mortgage Amortization
• Mortgage Glossary